Viper Energy Ut (VNOM)

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 571,189 575,742 673,042 618,643 594,567 606,884 541,340 629,392 662,344 629,580 537,997 400,757 292,163 120,146 63,685 -12,014 -6,435 95,537 116,763 192,317
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,687,000 1,400,960 1,089,800 1,079,540 1,014,290 714,074 666,902 667,695 690,659 723,923 736 770,362 814,821 582,697 596,527 612,967 635,255 727,509 730,078 758,382
Return on total capital 33.86% 41.10% 61.76% 57.31% 58.62% 84.99% 81.17% 94.26% 95.90% 86.97% 73,097.42% 52.02% 35.86% 20.62% 10.68% -1.96% -1.01% 13.13% 15.99% 25.36%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $571,189K ÷ ($—K + $1,687,000K)
= 33.86%

The Return on Total Capital for Viper Energy Ut has shown significant fluctuations over the quarters. From a peak of 73,097.42% in June 2022 to a low of -1.96% in March 2021. These extreme variations could be due to exceptional or abnormal items affecting the capital base or the return generated. While extreme growth rates can indicate strong performance, they may also signal anomalies in the data that could require further investigation. It is essential to assess the underlying reasons for such fluctuations to better understand the true financial performance of the company. Overall, the return on total capital has generally been positive, showcasing the company's ability to generate profits relative to its invested capital.