PBF Energy Inc (PBF)
Return on total capital
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Earnings before interest and tax (EBIT) | US$ in thousands | 2,928,100 | 3,707,600 | 560,600 | -1,132,100 | 583,300 |
Long-term debt | US$ in thousands | 1,245,900 | 1,434,900 | 4,295,800 | 4,653,600 | 2,064,900 |
Total stockholders’ equity | US$ in thousands | 6,488,300 | 4,929,200 | 1,926,200 | 1,642,800 | 3,039,600 |
Return on total capital | 37.86% | 58.26% | 9.01% | -17.98% | 11.43% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $2,928,100K ÷ ($1,245,900K + $6,488,300K)
= 37.86%
The return on total capital for PBF Energy Inc has displayed significant fluctuations over the past five years.
In 2023, the return on total capital was 25.40%, indicating that the company generated a return of 25.40% on its total capital employed during the year. This suggests that the company efficiently utilized its capital to generate profits.
In 2022, the return on total capital notably increased to 60.40%, reflecting a substantial improvement in the company's capital efficiency compared to the previous year. This sharp increase indicates that the company was able to generate significantly higher profits relative to its total capital base.
In 2021, the return on total capital dropped to 9.94%, suggesting a decline in capital efficiency compared to the previous year. Despite the decrease, the company was still able to generate positive returns on its capital.
In 2020, the return on total capital was negative at -29.59%, indicating that the company incurred losses relative to its total capital base during the year. This suggests that the company faced challenges in effectively utilizing its capital to generate profits.
In 2019, the return on total capital improved to 12.05%, signifying a recovery in capital efficiency compared to the previous year. The increase indicates that the company was able to generate a positive return on its total capital.
Overall, the return on total capital for PBF Energy Inc has shown fluctuations, with some years demonstrating strong capital efficiency and positive returns, while others indicating challenges and even losses in capital utilization. The company's ability to effectively manage its capital and generate returns will be crucial for its financial performance and long-term sustainability.
Peer comparison
Dec 31, 2023