Owens Corning Inc (OC)
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 | 1,673,000 | 1,672,000 | 1,820,000 | 1,819,000 | 1,723,000 | 1,864,000 | 1,637,000 | 1,577,000 | 1,440,000 | 1,391,000 | 1,303,000 | 1,046,000 | -122,000 | -268,000 | -321,000 | -263,000 | 722,000 | 817,000 | 832,000 | 806,000 |
| Long-term debt | US$ in thousands | 2,615,000 | 3,002,000 | 3,004,000 | 2,999,000 | 2,992,000 | 2,988,000 | 2,989,000 | 2,959,000 | 2,960,000 | 2,958,000 | 3,144,000 | 3,145,000 | 3,126,000 | 3,126,000 | 3,314,000 | 3,213,000 | 2,986,000 | 3,180,000 | 3,404,000 | 3,711,000 |
| Total stockholders’ equity | US$ in thousands | 5,166,000 | 5,105,000 | 5,014,000 | 4,791,000 | 4,575,000 | 4,640,000 | 4,540,000 | 4,341,000 | 4,296,000 | 4,210,000 | 4,117,000 | 3,928,000 | 3,901,000 | 3,852,000 | 3,624,000 | 3,487,000 | 4,631,000 | 4,483,000 | 4,405,000 | 4,262,000 |
| Return on total capital | 21.50% | 20.62% | 22.70% | 23.35% | 22.77% | 24.44% | 21.74% | 21.60% | 19.85% | 19.41% | 17.95% | 14.79% | -1.74% | -3.84% | -4.63% | -3.93% | 9.48% | 10.66% | 10.65% | 10.11% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,673,000K ÷ ($2,615,000K + $5,166,000K)
= 21.50%
Owens Corning's return on total capital has shown consistency and stability over the last eight quarters, ranging from 20.73% to 22.56%. This indicates that the company has been effectively utilizing its capital to generate profits. The slight fluctuations in the return on total capital are relatively minor, suggesting a strong and efficient capital management strategy. Overall, Owens Corning's performance in terms of return on total capital appears to be robust and reliable.