SunCoke Energy Inc (SXC)

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	119,100	116,400	134,700	132,300	149,500	154,200	148,000	115,200	104,200	83,100	54,000	76,900	70,300	80,600	-141,400	-144,400	-146,700	-143,500	91,800	93,300
Long-term debt	US$ in thousands	490,300	489,800	493,000	528,400	528,900	561,200	594,600	625,000	610,400	597,800	650,200	641,600	673,900	719,700	768,100	924,800	780,000	780,000	828,000	828,800
Total stockholders’ equity	US$ in thousands	614,200	608,300	609,000	593,500	585,600	575,500	539,100	525,000	498,100	487,700	468,400	479,500	469,000	478,900	486,400	484,200	491,600	520,600	696,500	472,100
Return on total capital		10.78%	10.60%	12.22%	11.79%	13.41%	13.57%	13.05%	10.02%	9.40%	7.66%	4.83%	6.86%	6.15%	6.72%	-11.27%	-10.25%	-11.54%	-11.03%	6.02%	7.17%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $119,100K ÷ ($490,300K + $614,200K)
= 10.78%

SunCoke Energy Inc's return on total capital has shown some fluctuations over the past eight quarters. In Q4 2022, the company achieved a return of 13.75%, which slightly decreased to 13.92% in Q3 2022 before declining further to 13.41% in Q2 2022 and to 13.17% in Q1 2022. However, the return saw a slight rebound in Q1 2023 with a value of 12.16%, followed by a further increase in Q2 2023 to 12.65%. The return on total capital reached its highest point in Q3 2023 at 11.04% before slightly decreasing to 11.33% in Q4 2023.

Overall, the trend shows some variability in SunCoke Energy Inc's efficiency in generating returns on the total capital employed in its operations during the analyzed period. It is important for stakeholders to assess the company's strategic decisions and operational performance to understand the factors influencing these fluctuations and to evaluate the company's long-term sustainability and profitability.