MP Materials Corp (MP)
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 | -83,861 | -62,688 | -37,548 | 18,164 | 38,329 | 106,298 | 194,713 | 278,375 | 346,938 | 355,695 | 324,550 | 262,553 | 169,099 | 119,617 | 81,642 | -15,416 | -34,452 | -40,532 | -54,839 | 679 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,054,880 | 1,064,540 | 1,109,040 | 1,137,750 | 1,365,780 | 1,376,070 | 1,364,930 | 1,351,800 | 1,312,630 | 1,242,310 | 1,170,740 | 1,090,370 | 1,008,730 | 954,195 | 906,625 | 875,157 | 853,877 | -10,116 | -24,742 | -18,022 |
| Return on total capital | -7.95% | -5.89% | -3.39% | 1.60% | 2.81% | 7.72% | 14.27% | 20.59% | 26.43% | 28.63% | 27.72% | 24.08% | 16.76% | 12.54% | 9.01% | -1.76% | -4.03% | — | — | — |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-83,861K ÷ ($—K + $1,054,880K)
= -7.95%
The Return on Total Capital for MP Materials Corp has shown a fluctuating trend over the past few years. Starting from negative figures in December 2020 and March 2021, the company gradually improved its performance, reaching a peak of 28.63% in September 2022. However, after that point, the return on total capital declined, hitting a low of -7.95% by December 2024. Overall, the company experienced periods of strong performance but also faced challenges in generating returns in certain quarters. It would be important for stakeholders to closely monitor the company's capital efficiency and profitability metrics to assess its financial health and sustainability.
Peer comparison
Dec 31, 2024