Permian Resources Corporation (PR)
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 | 809,460 | 575,461 | 757,527 | 868,393 | 730,974 | 742,957 | 510,436 | 329,896 | 328,196 | 106,067 | 22,387 | -137,514 | -780,120 | -707,366 | -664,158 | -534,250 | 79,429 | 102,913 | 160,989 | 200,413 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,336,100 | 3,654,840 | 3,308,720 | 3,215,260 | 2,935,750 | 2,824,490 | 2,969,570 | 2,771,080 | 2,750,720 | 2,584,650 | 2,538,340 | 2,558,900 | 2,603,960 | 2,687,820 | 2,734,540 | 2,716,570 | 3,258,120 | 3,239,900 | 3,122,850 | 3,098,260 |
| Return on total capital | 12.78% | 15.75% | 22.89% | 27.01% | 24.90% | 26.30% | 17.19% | 11.90% | 11.93% | 4.10% | 0.88% | -5.37% | -29.96% | -26.32% | -24.29% | -19.67% | 2.44% | 3.18% | 5.16% | 6.47% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $809,460K ÷ ($—K + $6,336,100K)
= 12.78%
Permian Resources Corp's return on total capital has shown fluctuations over the past eight quarters. The company's return on total capital ranged from a low of 12.06% in Q4 2023 to a high of 22.29% in Q1 2023.
Overall, the return on total capital has shown a generally upward trend from Q1 2022 to Q1 2023, indicating improved efficiency in generating profits relative to the capital invested. However, there was a slight dip in Q2 and Q3 2023 before a recovery in Q4 2023.
It is important to monitor these fluctuations in return on total capital to assess the company's ability to generate returns for its investors while efficiently utilizing its capital resources. Further analysis of the underlying factors driving these changes in return on total capital would be necessary to provide a more in-depth evaluation of Permian Resources Corp's financial performance.
Peer comparison
Dec 31, 2023