Molson Coors Brewing Co Class B (TAP)
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 | 1,800,400 | 1,795,100 | 1,879,200 | 1,757,100 | 1,599,100 | 739,100 | 467,200 | 103,300 | 210,000 | 889,000 | 1,100,700 | 1,580,800 | 1,516,900 | 75,300 | 109,200 | 36,300 | -163,200 | 380,300 | 278,700 | 176,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 13,092,400 | 13,345,300 | 13,179,600 | 13,120,100 | 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 |
| Return on total capital | 13.75% | 13.45% | 14.26% | 13.39% | 12.12% | 5.58% | 3.59% | 0.81% | 1.65% | 6.75% | 8.23% | 11.68% | 11.31% | 0.57% | 0.84% | 0.29% | -1.32% | 2.81% | 2.14% | 1.39% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,800,400K ÷ ($—K + $13,092,400K)
= 13.75%
Molson Coors Brewing Co Class B’s return on total capital has shown variability over the past few years. The ratio increased from 1.39% as of March 31, 2020, to a peak of 14.26% as of June 30, 2024. There was a noticeable decline at the end of 2020, with a negative return of -1.32%, but the company managed to recover and consistently improve its performance thereafter.
The return on total capital has generally been positive since then, indicating that the company is effectively generating profits from the capital employed in its operations. The highest returns were observed in the latter half of 2023 and going into 2024, which suggests increased efficiency in capital utilization and potentially improved profitability.
Overall, the trend in Molson Coors Brewing Co Class B's return on total capital reflects a positive trajectory, with fluctuations along the way. It is important for stakeholders to monitor this key metric to assess the company’s financial performance and effectiveness in generating returns for its capital providers.
Peer comparison
Dec 31, 2024