Masco Corporation (MAS)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,344,000 | 1,301,000 | 1,305,000 | 1,295,000 | 1,292,000 | 1,219,000 | 1,182,000 | 1,204,000 | 1,240,000 | 1,275,000 | 1,300,000 | 892,000 | 898,000 | 985,000 | 1,038,000 | 1,378,000 | 1,637,000 | 1,883,000 | 1,712,000 | 1,732,000 |
| Long-term debt | US$ in thousands | 2,945,000 | 2,945,000 | 2,945,000 | 2,945,000 | 2,945,000 | 2,946,000 | 2,946,000 | 2,946,000 | 2,946,000 | 2,946,000 | 2,946,000 | 2,946,000 | 2,949,000 | 2,950,000 | 2,950,000 | 2,955,000 | 2,792,000 | 2,787,000 | 2,372,000 | 2,771,000 |
| Total stockholders’ equity | US$ in thousands | -279,000 | -88,000 | -26,000 | -75,000 | -126,000 | -56,000 | -192,000 | -379,000 | -480,000 | -617,000 | -742,000 | -371,000 | -179,000 | -126,000 | -154,000 | -17,000 | 195,000 | 141,000 | -136,000 | -348,000 |
| Return on total capital | 50.41% | 45.54% | 44.71% | 45.12% | 45.83% | 42.18% | 42.92% | 46.90% | 50.28% | 54.74% | 58.98% | 34.64% | 32.42% | 34.88% | 37.12% | 46.90% | 54.80% | 64.31% | 76.57% | 71.48% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,344,000K ÷ ($2,945,000K + $-279,000K)
= 50.41%
Masco Corporation's return on total capital has exhibited some fluctuations over the observed period. It started at a high level of 71.48% as of March 31, 2020, and peaked at 76.57% by June 30, 2020. However, the return on total capital showed a declining trend from September 2020 to March 2021, dropping to 46.90%.
Subsequently, there was a further decrease in the return on total capital to 32.42% by December 31, 2021. The trend reversed in the following quarters, with an increasing pattern seen up to June 30, 2022, reaching 58.98%. However, after that peak, there was a decrease in the return on total capital in the subsequent quarters.
By December 31, 2024, Masco Corporation's return on total capital stood at 50.41%, showing a recovery from the decreased levels in the previous quarters. Overall, the return on total capital for Masco Corporation has showcased volatility over the observed period, indicating fluctuations in the company's efficiency in generating profits from its total capital employed. An analysis of the underlying factors contributing to these fluctuations would provide further insights into the company's performance and prospects.
Peer comparison
Dec 31, 2024