Masco Corporation (MAS)
Return on total capital
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 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 | 1,324,000 | 1,048,000 | 1,102,000 | 1,078,000 |
| Long-term debt | US$ in thousands | 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 | 2,771,000 | 2,771,000 | 2,771,000 | 2,771,000 |
| Total stockholders’ equity | US$ in thousands | -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 | -235,000 | -143,000 | -91,000 | -146,000 |
| Return on total capital | 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% | 52.21% | 39.88% | 41.12% | 41.07% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,292,000K ÷ ($2,945,000K + $-126,000K)
= 45.83%
Masco Corp.'s return on total capital has been relatively stable over the past eight quarters, ranging from 42.92% to 52.29%. In the most recent quarter, Q4 2023, the return on total capital was 48.32%, indicating the company generated $0.4832 in profit for every dollar of total capital employed.
The high percentages observed suggest that Masco Corp. has been efficient in utilizing its total capital to generate profits. The consistent performance in this metric reflects the company's ability to effectively allocate resources and generate returns for its stakeholders.
Overall, Masco Corp.'s return on total capital demonstrates strong financial performance and efficiency in capital utilization over the analyzed period.
Peer comparison
Dec 31, 2023