Telephone and Data Systems Inc (TDS)
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 | -247,000 | 260,000 | 206,000 | 233,000 | 290,000 | 332,000 | 410,000 | 410,000 | 422,000 | 423,000 | 437,000 | 446,000 | 412,000 | 395,000 | 343,000 | 324,000 | 351,000 | 360,000 | 379,000 | 384,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,202,000 | 5,726,000 | 5,752,000 | 5,816,000 | 5,849,000 | 5,904,000 | 5,939,000 | 5,960,000 | 5,927,000 | 5,911,000 | 5,221,000 | 5,252,000 | 4,804,000 | 4,804,000 | 4,738,000 | 4,720,000 | 4,653,000 | 4,646,000 | 4,625,000 | 4,611,000 |
| Return on total capital | -4.75% | 4.54% | 3.58% | 4.01% | 4.96% | 5.62% | 6.90% | 6.88% | 7.12% | 7.16% | 8.37% | 8.49% | 8.58% | 8.22% | 7.24% | 6.86% | 7.54% | 7.75% | 8.19% | 8.33% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-247,000K ÷ ($—K + $5,202,000K)
= -4.75%
Telephone And Data Systems, Inc.'s return on total capital has been fluctuating over the past several quarters. In Q4 2023, the return on total capital was 3.41%, slightly higher than the previous quarter's 2.91%. However, it is lower compared to Q2 and Q3 2022 when the company achieved returns of 4.82% and 3.80% respectively. Despite the recent fluctuations, the return on total capital remains positive, indicating that the company is generating a return on both its equity and debt investments. Further analysis of the company's financial performance and capital structure would be necessary to fully evaluate the trends and implications of these return on total capital figures.
Peer comparison
Dec 31, 2023