Range Resources Corp (RRC)

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	1,224,347	1,842,415	2,218,134	2,740,261	1,579,019	1,510,203	715,616	16,982	629,414	-245,718	-659,877	-700,655	-544,662	-2,895,974	-2,186,477	-1,838,241	-2,022,308	-1,546,188	-1,390,908	-1,652,411
Long-term debt	US$ in thousands	0	0	0	0	1,841,960	1,831,680	1,830,500	1,829,730	2,707,770	2,730,470	3,036,660	3,055,220	3,040,250	3,042,130	3,165,130	594,250	3,172,940	367,899	934,266	933,632
Total stockholders’ equity	US$ in thousands	3,765,550	3,447,580	3,387,610	3,305,460	2,876,010	2,163,480	1,977,180	1,600,100	2,085,660	1,181,280	1,523,260	1,663,850	1,637,540	1,593,970	2,336,020	2,495,810	2,347,490	4,158,190	4,182,250	4,062,660
Return on total capital		32.51%	53.44%	65.48%	82.90%	33.47%	37.80%	18.79%	0.50%	13.13%	-6.28%	-14.47%	-14.85%	-11.64%	-62.47%	-39.75%	-59.49%	-36.63%	-34.16%	-27.18%	-33.07%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,224,347K ÷ ($0K + $3,765,550K)
= 32.51%

Range Resources Corp's return on total capital has shown a positive trend over the past eight quarters, indicating the company's ability to generate returns from its total invested capital. The return on total capital has ranged from 5.51% to 55.34% during this period, with a significant increase seen in Q1 2023 compared to the previous quarters.

The company's return on total capital has generally been above 20% in most quarters, reflecting strong efficiency in utilizing both debt and equity to generate profits. The highest return was recorded in Q1 2023 at 55.34%, indicating a particularly successful period for the company in terms of capital management.

Overall, Range Resources Corp's consistent performance in generating returns on its total capital suggests effective management of resources and a solid financial position. However, it is important to continuously monitor and analyze these ratios to assess the company's financial health and performance over time.