McKesson Corporation (MCK)
Return on total capital
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 3,056,000 | 4,306,000 | 4,172,000 | 4,699,000 | 4,614,000 | 4,375,000 | 4,733,000 | 4,893,000 | 4,878,000 | 4,557,000 | 3,358,000 | 2,546,000 | 2,106,000 | 2,497,000 | -5,037,000 | -4,761,000 | -4,776,000 | -4,671,000 | 3,043,000 | 1,374,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -2,074,000 | -3,084,000 | -3,017,000 | -1,755,000 | -1,971,000 | -2,053,000 | -1,828,000 | -1,602,000 | -1,857,000 | -2,455,000 | -1,767,000 | -2,004,000 | -2,272,000 | -1,274,000 | -571,000 | -529,000 | -21,000 | -477,000 | 5,890,000 | 5,446,000 |
| Return on total capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 51.66% | 25.23% |
March 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $3,056,000K ÷ ($—K + $-2,074,000K)
= —
McKesson Corporation's return on total capital has shown variability over the periods reported. As of June 30, 2020, the return on total capital was 25.23%, indicating that the company generated $0.2523 in profit for every $1 of total capital employed.
The return on total capital increased significantly to 51.66% as of September 30, 2020, suggesting improved efficiency in generating profits from its total capital base. The sharp increase in this ratio may reflect either higher profitability or a more efficient utilization of capital.
No data is available for return on total capital for the periods beyond September 30, 2020, indicating that the company may have chosen not to disclose this information or that it requires further updating.
Overall, the trend in return on total capital indicates a strong performance in utilizing capital efficiently and generating returns for shareholders, particularly in the period up to September 2020. Further analysis in subsequent periods would be necessary to assess the company's ongoing financial performance.
Peer comparison
Mar 31, 2025