UNITIL Corporation (UTL)
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 | 90,600 | 90,200 | 92,400 | 91,800 | 87,100 | 84,900 | 84,100 | 84,200 | 80,500 | 81,300 | 81,300 | 80,200 | 77,800 | 76,700 | 76,900 | 77,200 | 71,400 | 68,100 | 70,700 | 71,900 |
| Long-term debt | US$ in thousands | 638,400 | 638,400 | 506,400 | 507,900 | 509,100 | 509,000 | 486,200 | 488,000 | 489,100 | 493,100 | 495,100 | 496,600 | 497,800 | 501,300 | 505,300 | 515,800 | 523,100 | 529,000 | 436,400 | 436,300 |
| Total stockholders’ equity | US$ in thousands | 512,500 | 502,400 | 508,800 | 510,800 | 489,300 | 479,800 | 484,400 | 486,400 | 467,600 | 458,800 | 464,300 | 465,300 | 448,500 | 439,600 | 400,800 | 403,300 | 389,200 | 380,800 | 385,700 | 387,900 |
| Return on total capital | 7.87% | 7.91% | 9.10% | 9.01% | 8.72% | 8.59% | 8.66% | 8.64% | 8.41% | 8.54% | 8.47% | 8.34% | 8.22% | 8.15% | 8.49% | 8.40% | 7.83% | 7.49% | 8.60% | 8.72% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $90,600K ÷ ($638,400K + $512,500K)
= 7.87%
The return on total capital for UNITIL Corporation has shown some fluctuations over the analyzed period. Starting at 8.72% as of March 31, 2020, it slightly decreased to 8.60% by June 30, 2020. There was a more noticeable drop to 7.49% by September 30, 2020, before recovering to 7.83% by December 31, 2020.
The return on total capital then showed an upward trend, reaching 8.40% by March 31, 2021, and further increasing to 8.49% by June 30, 2021. It dipped slightly to 8.15% by September 30, 2021, but regained strength to 8.22% by December 31, 2021.
Into the following year, the return on total capital continued to improve, reaching 8.34% by March 31, 2022, and 8.47% by June 30, 2022. It peaked at 8.54% by September 30, 2022, before decreasing slightly to 8.41% by December 31, 2022.
The trend reversed in the first half of 2023, with the return on total capital climbing to 8.64% by March 31, 2023, and 8.66% by June 30, 2023. However, it then declined to 8.59% by September 30, 2023.
As of the latest data available, the return on total capital stood at 8.72% by December 31, 2023, showing a positive rebound. The following year saw a notable increase to 9.01% by March 31, 2024, and 9.10% by June 30, 2024. However, there was a significant decrease to 7.91% by September 30, 2024, and a further drop to 7.87% by December 31, 2024.
Overall, UNITIL Corporation's return on total capital has demonstrated variability over the period analyzed, with a mix of upward and downward trends. It would be important to further investigate the factors driving these fluctuations to assess the company's capital utilization efficiency and performance.
Peer comparison
Dec 31, 2024