Xencor Inc (XNCR)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | -138,639 | -82,473 | 43,767 | -76,797 | 13,824 |
| Long-term debt | US$ in thousands | 14,642 | 0 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 668,796 | 727,496 | 733,504 | 572,444 | 593,201 |
| Return on total capital | -20.29% | -11.34% | 5.97% | -13.42% | 2.33% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $-138,639K ÷ ($14,642K + $668,796K)
= -20.29%
Xencor Inc's return on total capital has fluctuated over the past five years, ranging from -20.10% in 2023 to 5.97% in 2021. The negative returns in 2020 and 2019 indicate that the company's capital investment did not generate positive returns during those periods. However, there was a significant improvement in 2021 when the return on total capital turned positive at 5.97%. The negative returns in 2020 and 2023 suggest that the company may have faced challenges in effectively utilizing its capital resources to generate profits. Overall, Xencor Inc's return on total capital has been volatile, highlighting the importance of carefully managing and optimizing capital allocation strategies.
Peer comparison
Dec 31, 2023