PBF Energy Inc (PBF)
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 | -690,200 | -356,000 | 1,090,300 | 2,545,600 | 2,928,100 | 3,908,800 | 4,145,300 | 4,183,700 | 3,707,600 | 3,007,300 | 1,868,500 | 581,200 | 560,600 | 102,700 | -169,900 | 289,800 | -1,132,100 | -806,000 | -563,600 | -1,157,100 |
| Long-term debt | US$ in thousands | 1,457,300 | 1,254,400 | 1,251,500 | 1,248,600 | 1,245,900 | 1,243,000 | 1,441,500 | 1,438,000 | 1,434,900 | 1,447,700 | 2,012,700 | 4,248,700 | 4,295,800 | 4,318,000 | 4,624,400 | 4,652,300 | 4,653,600 | 4,411,100 | 4,092,800 | 3,546,100 |
| Total stockholders’ equity | US$ in thousands | 5,544,200 | 5,881,700 | 6,265,100 | 6,455,900 | 6,488,300 | 6,718,500 | 6,044,900 | 5,137,900 | 4,929,200 | 4,218,200 | 3,147,600 | 1,911,000 | 1,926,200 | 1,729,200 | 1,664,400 | 1,606,700 | 1,642,800 | 1,935,400 | 2,344,800 | 1,948,300 |
| Return on total capital | -9.86% | -4.99% | 14.51% | 33.04% | 37.86% | 49.10% | 55.37% | 63.62% | 58.26% | 53.08% | 36.21% | 9.44% | 9.01% | 1.70% | -2.70% | 4.63% | -17.98% | -12.70% | -8.75% | -21.06% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-690,200K ÷ ($1,457,300K + $5,544,200K)
= -9.86%
Return on total capital is a key financial ratio that indicates the efficiency with which a company generates profits from the total capital invested in the business. For PBF Energy Inc, the return on total capital has fluctuated over the analyzed periods.
The ratio was negative in the first half of 2020, indicating that the company was not effectively utilizing its capital to generate returns. However, it started to improve in the second half of 2020 and continued to increase throughout 2021 and into 2022.
By the end of 2022, PBF Energy Inc significantly improved its return on total capital, reaching 58.26%. This demonstrates that the company was able to generate substantial profits relative to its total capital investment. However, in the subsequent quarters, the ratio began to decline, dropping to 9.86% by the end of 2024.
The fluctuations in the return on total capital for PBF Energy Inc suggest varying levels of profitability and capital efficiency over the analyzed periods. It is important for investors and stakeholders to monitor this ratio to assess the company's ability to generate returns on its invested capital.
Peer comparison
Dec 31, 2024