SkyWest Inc (SKYW)

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	494,657	378,203	296,059	208,279	104,069	41,383	67,668	124,410	181,162	249,178	220,652	247,073	275,867	215,246	242,749	123,323	108,802	261,776	333,664	482,160
Long-term debt	US$ in thousands	2,136,790	2,196,550	2,284,380	2,389,230	2,562,180	2,633,710	2,743,800	2,855,520	2,941,770	2,982,030	2,864,480	2,791,270	2,717,420	2,605,060	2,652,260	2,748,720	2,801,540	2,707,770	2,664,120	2,537,610
Total stockholders’ equity	US$ in thousands	2,408,780	2,311,500	2,231,180	2,164,900	2,113,500	2,136,700	2,157,240	2,232,060	2,347,630	2,395,950	2,345,030	2,289,720	2,267,510	2,261,810	2,248,900	2,181,520	2,139,540	2,185,100	2,142,960	2,163,440
Return on total capital		10.88%	8.39%	6.56%	4.57%	2.23%	0.87%	1.38%	2.45%	3.43%	4.63%	4.24%	4.86%	5.53%	4.42%	4.95%	2.50%	2.20%	5.35%	6.94%	10.26%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $494,657K ÷ ($2,136,790K + $2,408,780K)
= 10.88%

SkyWest Inc's return on total capital has experienced fluctuations over the reporting periods provided. Starting from March 31, 2020, with a return of 10.26%, it gradually decreased to a low of 0.87% on September 30, 2023. However, there was a noticeable improvement in the subsequent quarters, culminating in a significant increase to 10.88% by December 31, 2024. These changes in return on total capital indicate varying levels of efficiency in generating profits from the total capital employed by the company. It is essential for investors and stakeholders to monitor these trends to assess the company's overall financial performance and effectiveness in utilizing its capital resources.