UGI Corporation (UGI)
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 | -7,000 | -1,458,000 | -1,357,000 | -544,000 | 546,000 | 1,715,000 | 2,163,000 | 2,395,000 | 1,747,000 | 2,299,000 | 1,553,000 | 1,424,000 | 1,107,000 | 989,000 | 936,500 | 815,800 | 831,400 | 607,000 | 650,700 | 623,900 |
| Long-term debt | US$ in thousands | 6,866,000 | 6,543,000 | 6,682,000 | 6,805,000 | 6,759,000 | 6,483,000 | 6,483,000 | 6,559,000 | 6,580,000 | 6,339,000 | 5,890,000 | 6,046,000 | 6,078,000 | 5,981,000 | 6,036,000 | 5,879,000 | 5,906,000 | 5,780,000 | 4,347,100 | 4,341,200 |
| Total stockholders’ equity | US$ in thousands | 4,423,000 | 4,386,000 | 4,364,000 | 5,205,000 | 5,180,000 | 6,066,000 | 5,996,000 | 6,200,000 | 5,349,000 | 5,522,000 | 5,097,000 | 4,819,000 | 4,437,000 | 4,128,000 | 4,126,000 | 4,081,000 | 3,996,000 | 3,817,000 | 3,820,900 | 3,853,000 |
| Return on total capital | -0.06% | -13.34% | -12.28% | -4.53% | 4.57% | 13.67% | 17.33% | 18.77% | 14.64% | 19.38% | 14.13% | 13.11% | 10.53% | 9.78% | 9.22% | 8.19% | 8.40% | 6.32% | 7.97% | 7.61% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-7,000K ÷ ($6,866,000K + $4,423,000K)
= -0.06%
The return on total capital for UGI Corp. has fluctuated over the past few quarters. In Q1 2024, the return on total capital was 4.83%, indicating a positive performance in generating returns from the company's total capital. However, in Q3 and Q4 2023, the company experienced negative returns on total capital, with figures of -5.99% and -4.92% respectively. This suggests that the company may have struggled to effectively utilize its total capital during these periods.
The return on total capital improved in Q1 2023, reaching 5.03%, but saw a significant jump in Q4 2022 to 12.04%, indicating a strong performance in generating returns relative to the total capital employed by the company. The highest return on total capital was recorded in Q2 2022 at 17.64%, which suggests that the company was efficiently utilizing its capital to generate substantial returns during that period.
Overall, the trend in UGI Corp.'s return on total capital indicates some variability in the company's ability to generate returns from its total capital. Monitoring this metric over time can provide insights into the company's financial performance and capital utilization efficiency.
Peer comparison
Dec 31, 2023