Owens Corning Inc (OC)
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 | 1,128,000 | 1,555,000 | 1,510,000 | 1,542,000 | 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 |
| Long-term debt | US$ in thousands | 5,116,000 | 5,028,000 | 5,020,000 | 2,645,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 5,077,000 | 5,623,000 | 5,472,000 | 5,229,000 | 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 |
| Return on total capital | 11.07% | 14.60% | 14.39% | 19.58% | 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% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,128,000K ÷ ($5,116,000K + $5,077,000K)
= 11.07%
Owens Corning Inc's Return on total capital fluctuated over the periods analyzed. The trend started negative in March 2020 at -3.93%, reaching a low of -4.63% in June 2020 before gradually improving. The company managed to turn around its performance, showing positive returns starting from March 2021 at 14.79% and continually increasing to a peak of 24.44% in September 2022. However, there was some volatility in the subsequent periods, with the return declining to 11.07% at the end of December 2024.
Overall, Owens Corning Inc demonstrated an improving trend in its return on total capital, with substantial growth during the analyzed period. It is essential for investors and stakeholders to monitor the company's performance to understand the factors driving these changes and assess the sustainability of its return on total capital.