Mondelez International Inc (MDLZ)
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 | 5,502,000 | 5,143,000 | 4,443,000 | 3,945,000 | 3,534,000 | 3,904,000 | 4,519,000 | 4,464,000 | 4,653,000 | 4,598,000 | 4,439,000 | 4,280,000 | 3,853,000 | 3,610,000 | 3,351,000 | 3,663,000 | 3,843,000 | 3,807,000 | 3,668,000 | 3,124,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 28,332,000 | 28,535,000 | 28,647,000 | 28,228,000 | 26,883,000 | 26,641,000 | 27,511,000 | 28,161,000 | 28,269,000 | 27,698,000 | 27,543,000 | 27,075,000 | 27,578,000 | 26,943,000 | 26,018,000 | 25,674,000 | 27,241,000 | 26,806,000 | 26,093,000 | 25,828,000 |
| Return on total capital | 19.42% | 18.02% | 15.51% | 13.98% | 13.15% | 14.65% | 16.43% | 15.85% | 16.46% | 16.60% | 16.12% | 15.81% | 13.97% | 13.40% | 12.88% | 14.27% | 14.11% | 14.20% | 14.06% | 12.10% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $5,502,000K ÷ ($—K + $28,332,000K)
= 19.42%
Over the past eight quarters, Mondelez International Inc.'s return on total capital has exhibited fluctuations. The return on total capital ranged from a low of 7.60% in Q3 2022 to a high of 12.09% in Q4 2023. The company's return on total capital showed an overall increasing trend in recent quarters, except for a slight dip in Q2 2023. It is notable that Mondelez International Inc. has consistently maintained a return on total capital above 8%, indicating efficient utilization of both debt and equity capital to generate profits. The average return on total capital over these eight quarters stands at around 9.75%. This indicates that Mondelez International Inc. has been successful in generating returns for both debt and equity providers, reflecting positively on the company's overall operational efficiency and profitability.
Peer comparison
Dec 31, 2023