AT&T Inc (T)

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 25,329,000 -973,000 1,070,000 738,000 1,364,000 31,006,000 31,493,000 28,686,000 32,352,000 10,722,000 7,435,000 7,331,000 3,719,000 22,618,000 23,784,000 26,488,000 25,818,000 28,526,000 29,966,000 31,692,000
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 103,297,000 103,703,000 101,903,000 99,396,000 97,500,000 122,406,000 117,746,000 169,036,000 166,332,000 163,771,000 162,296,000 165,488,000 161,673,000 175,553,000 175,896,000 177,779,000 184,221,000 183,049,000 184,257,000 185,112,000
Return on total capital 24.52% -0.94% 1.05% 0.74% 1.40% 25.33% 26.75% 16.97% 19.45% 6.55% 4.58% 4.43% 2.30% 12.88% 13.52% 14.90% 14.01% 15.58% 16.26% 17.12%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $25,329,000K ÷ ($—K + $103,297,000K)
= 24.52%

AT&T, Inc.'s return on total capital has shown a generally positive trend over the past eight quarters. The company's return on total capital increased from 7.23% in Q1 2022 to 10.94% in Q4 2023, indicating a consistent improvement in its efficiency in generating profits from its total capital employed.

The return on total capital remained relatively stable around the 10% range for the most recent quarters, with slight fluctuations between 10.52% and 10.94%. This stability suggests that AT&T has been effectively utilizing its capital to generate returns for its shareholders.

Overall, the upward trend observed in AT&T's return on total capital reflects positively on the company's ability to create value from its investment in assets and operations. It indicates a consistent performance in generating profits relative to the total capital employed by the company.


Peer comparison

Dec 31, 2023