Republic Services Inc (RSG)
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 | 2,699,150 | 2,573,019 | 2,452,274 | 2,320,074 | 2,227,074 | 2,097,629 | 2,032,905 | 1,965,570 | 1,887,770 | 1,809,865 | 1,668,965 | 1,555,200 | 1,496,000 | 1,596,600 | 1,657,000 | 1,693,600 | 1,687,300 | 1,761,700 | 1,730,700 | 1,711,300 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 10,542,300 | 10,331,300 | 10,203,700 | 9,916,500 | 9,686,000 | 9,489,900 | 9,215,400 | 8,984,000 | 8,978,900 | 8,873,300 | 8,778,300 | 8,632,900 | 8,483,900 | 8,370,100 | 8,227,100 | 8,117,200 | 8,118,200 | 7,976,500 | 7,952,900 | 7,919,500 |
| Return on total capital | 25.60% | 24.91% | 24.03% | 23.40% | 22.99% | 22.10% | 22.06% | 21.88% | 21.02% | 20.40% | 19.01% | 18.01% | 17.63% | 19.08% | 20.14% | 20.86% | 20.78% | 22.09% | 21.76% | 21.61% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,699,150K ÷ ($—K + $10,542,300K)
= 25.60%
Republic Services, Inc.'s return on total capital has shown a generally positive trend over the past eight quarters, with a consistent improvement from 9.77% in Q2 2022 to 11.64% in Q4 2023. This indicates the company's ability to generate profits relative to the total capital employed in its operations. The steady increase in return on total capital suggests that Republic Services has been effectively utilizing its resources to generate returns for its investors. However, it is important to continue monitoring this metric to ensure sustained efficiency and profitability in the company's operations.
Peer comparison
Dec 31, 2023