Molson Coors Brewing Co Class B (TAP)
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 | 1,438,200 | 727,400 | 465,300 | 91,300 | 157,500 | 834,000 | 1,035,300 | 1,501,600 | 1,454,400 | 6,700 | -16,400 | -139,200 | -408,900 | 1,184,700 | 439,100 | 449,800 | 764,400 | 595,200 | 1,302,200 | 1,424,400 |
| Long-term debt | US$ in thousands | 5,312,100 | 5,301,100 | 6,191,900 | 6,177,700 | 6,165,200 | 6,082,700 | 6,557,800 | 6,631,500 | 6,647,200 | 6,661,000 | 6,701,900 | 7,181,200 | 7,208,200 | 7,129,500 | 8,073,700 | 8,032,100 | 8,109,500 | 8,058,500 | 8,517,900 | 8,484,800 |
| Total stockholders’ equity | US$ in thousands | 13,196,000 | 13,246,000 | 13,030,800 | 12,696,500 | 12,689,700 | 13,170,300 | 13,372,800 | 13,531,800 | 13,417,100 | 13,275,500 | 12,984,800 | 12,580,800 | 12,365,000 | 13,512,700 | 13,002,900 | 12,686,600 | 13,419,400 | 13,162,400 | 13,899,400 | 13,647,300 |
| Return on total capital | 7.77% | 3.92% | 2.42% | 0.48% | 0.84% | 4.33% | 5.19% | 7.45% | 7.25% | 0.03% | -0.08% | -0.70% | -2.09% | 5.74% | 2.08% | 2.17% | 3.55% | 2.80% | 5.81% | 6.44% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,438,200K ÷ ($5,312,100K + $13,196,000K)
= 7.77%
Molson Coors Beverage Company's return on total capital, which indicates the efficiency of the company in generating returns from its total invested capital, has fluctuated over the past eight quarters.
In Q4 2023, the return on total capital was 7.41%, showing a slight decrease from the previous quarter's 8.24%. This decline may signal a temporary decrease in the company's profitability or efficiency in utilizing its total capital.
Looking at the trend over the past year, the return on total capital has shown some variations. The highest return was recorded in Q1 2022 at 7.50%, while the lowest was in Q1 2023 at 4.91%. This variability suggests that Molson Coors' performance in generating returns from its total capital has been somewhat inconsistent.
Overall, the company's return on total capital has shown both peaks and troughs over the analyzed period. Further analysis of the company's operational performance, capital structure, and profitability drivers may provide insights into the factors influencing these fluctuations in return on total capital.
Peer comparison
Dec 31, 2023