EchoStar Corporation (SATS)
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 | 406,052 | -2,208,010 | -2,083,814 | -1,864,151 | -1,793,755 | 235,574 | 268,310 | 248,646 | 238,762 | 205,597 | 215,296 | 211,987 | 199,683 | 197,480 | 170,820 | 155,864 | 147,068 | 166,604 | 147,518 | 151,891 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 20,191,400 | 19,442,900 | 19,573,000 | 19,777,200 | 19,880,200 | 3,573,400 | 3,574,120 | 3,546,080 | 3,502,620 | 3,439,330 | 3,398,230 | 3,446,200 | 3,353,830 | 3,462,910 | 3,510,610 | 3,494,110 | 3,542,330 | 3,554,560 | 3,525,840 | 3,547,350 |
| Return on total capital | 2.01% | -11.36% | -10.65% | -9.43% | -9.02% | 6.59% | 7.51% | 7.01% | 6.82% | 5.98% | 6.34% | 6.15% | 5.95% | 5.70% | 4.87% | 4.46% | 4.15% | 4.69% | 4.18% | 4.28% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $406,052K ÷ ($—K + $20,191,400K)
= 2.01%
EchoStar Corporation's return on total capital has shown some fluctuations over the period under review. It started at 4.28% in March 2020, slightly dropped to 4.18% in June 2020, but then increased to 4.69% by September 2020. The trend continued with a slight decline to 4.15% in December 2020, followed by an uptick to 4.46% in March 2021 and further to 4.87% in June 2021.
From September 2021 to September 2023, the return on total capital showed a consistent improvement, reaching the highest point of 7.51% in June 2023. However, there was a significant decline to -9.02% in December 2023, which further worsened to -11.36% by September 2024. The return on total capital rebounded to 2.01% by December 2024.
The negative percentages observed in late 2023 and 2024 raise concerns and warrant further investigation. Overall, the company's return on total capital has been volatile, with periods of growth followed by sudden declines. A deeper analysis of the reasons behind the negative returns in late 2023 and 2024 would be crucial for understanding the company's financial performance.
Peer comparison
Dec 31, 2024