Public Service Enterprise Group Inc (PEG)
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 | 3,829,000 | 4,125,000 | 4,093,000 | 3,412,000 | 1,630,000 | 1,214,000 | -1,106,000 | -1,446,000 | -518,000 | -583,000 | 2,364,000 | 3,167,000 | 2,901,000 | 2,888,000 | 2,623,000 | 2,182,000 | 2,519,000 | 2,167,000 | 2,243,000 | 2,450,000 |
| Long-term debt | US$ in thousands | 17,784,000 | 17,039,000 | 16,394,000 | 17,140,000 | 16,495,000 | 16,150,000 | 16,471,000 | 16,968,000 | 15,219,000 | 14,425,000 | 15,350,000 | 15,346,000 | 14,496,000 | 14,792,000 | 13,580,000 | 14,040,000 | 13,743,000 | 14,448,000 | 14,301,000 | 13,216,000 |
| Total stockholders’ equity | US$ in thousands | 14,098,000 | 15,166,000 | 15,053,000 | 14,726,000 | 12,352,000 | 13,251,000 | 13,428,000 | 13,598,000 | 13,542,000 | 14,069,000 | 15,878,000 | 16,277,000 | 15,123,000 | 15,836,000 | 15,491,000 | 15,249,000 | 14,258,000 | 14,925,000 | 14,754,000 | 14,814,000 |
| Return on total capital | 12.01% | 12.81% | 13.02% | 10.71% | 5.65% | 4.13% | -3.70% | -4.73% | -1.80% | -2.05% | 7.57% | 10.01% | 9.79% | 9.43% | 9.02% | 7.45% | 9.00% | 7.38% | 7.72% | 8.74% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $3,829,000K ÷ ($17,784,000K + $14,098,000K)
= 12.01%
Public Service Enterprise Group Inc.'s return on total capital has shown a positive trend throughout 2022 and into 2023. The return on total capital increased steadily from 3.42% in Q2 2022 to 11.43% in Q3 2023, indicating a significant improvement in the company's efficiency in generating profits from its invested capital. This upward trend suggests that the company is effectively utilizing its capital to generate returns for its shareholders. The consistency in the increase of return on total capital over multiple quarters signifies the company's ability to sustain its performance and create long-term value for its stakeholders. Overall, the increasing trend in return on total capital reflects positively on Public Service Enterprise Group Inc.'s financial health and operational efficiency.
Peer comparison
Dec 31, 2023