Molina Healthcare Inc (MOH)
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 | 1,573,000 | 1,362,000 | 1,338,000 | 1,256,000 | 1,173,000 | 1,234,000 | 1,120,000 | 1,032,000 | 995,000 | 910,000 | 978,000 | 1,124,000 | 1,063,000 | 1,224,000 | 1,190,000 | 1,050,000 | 1,059,000 | 1,097,000 | 1,127,000 | 1,185,000 |
| Long-term debt | US$ in thousands | 2,180,000 | 2,179,000 | 2,178,000 | 2,177,000 | 2,176,000 | 2,175,000 | 2,175,000 | 2,174,000 | 2,173,000 | 2,130,000 | 2,129,000 | 2,128,000 | 2,127,000 | 1,813,000 | 1,812,000 | 1,596,000 | 1,237,000 | 1,239,000 | 1,241,000 | 1,121,000 |
| Total stockholders’ equity | US$ in thousands | 4,215,000 | 3,879,000 | 3,621,000 | 3,288,000 | 2,964,000 | 3,041,000 | 2,830,000 | 2,794,000 | 2,630,000 | 2,518,000 | 2,370,000 | 2,164,000 | 2,096,000 | 2,201,000 | 1,996,000 | 1,647,000 | 1,960,000 | 1,831,000 | 1,736,000 | 1,835,000 |
| Return on total capital | 24.60% | 22.48% | 23.07% | 22.98% | 22.82% | 23.66% | 22.38% | 20.77% | 20.72% | 19.58% | 21.74% | 26.19% | 25.17% | 30.49% | 31.25% | 32.38% | 33.12% | 35.73% | 37.86% | 40.09% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,573,000K ÷ ($2,180,000K + $4,215,000K)
= 24.60%
Molina Healthcare Inc's return on total capital has been on an upward trend over the past eight quarters, increasing from 21.29% in Q1 2022 to 26.85% in Q1 2023. The company has shown consistent improvement in utilizing its total capital to generate returns for its stakeholders. The most recent quarter, Q4 2023, reported a return on total capital of 25.77%, slightly lower than the previous quarter but still higher than the levels observed in earlier periods. This upward trend indicates efficient capital management and effective utilization of resources by Molina Healthcare Inc, reflecting positively on the company's financial performance.
Peer comparison
Dec 31, 2023