Xencor Inc (XNCR)
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 | -188,503 | -203,546 | -182,313 | -137,820 | -140,709 | -148,050 | -162,129 | -168,175 | -80,965 | 51,770 | 48,818 | 85,905 | 43,767 | -61,576 | -36,998 | -83,685 | -76,790 | -93,451 | -91,005 | -72,977 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 677,611 | 723,836 | 564,325 | 612,526 | 668,796 | 669,010 | 678,876 | 683,583 | 727,496 | 722,698 | 742,341 | 763,023 | 733,504 | 618,860 | 646,938 | 583,612 | 572,444 | 568,483 | 570,645 | 593,005 |
| Return on total capital | -27.82% | -28.12% | -32.31% | -22.50% | -21.04% | -22.13% | -23.88% | -24.60% | -11.13% | 7.16% | 6.58% | 11.26% | 5.97% | -9.95% | -5.72% | -14.34% | -13.41% | -16.44% | -15.95% | -12.31% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-188,503K ÷ ($—K + $677,611K)
= -27.82%
The return on total capital for Xencor Inc has shown fluctuating trends over the reported periods. From March 31, 2020, to December 31, 2021, the company experienced negative returns on total capital, indicating inefficiency in generating profits from its total capital. However, from March 31, 2022, through June 30, 2022, there was an improvement as the return on total capital turned positive.
Despite this brief improvement, the company faced a downturn in its return on total capital from September 30, 2022, onwards. The figures continued to fluctuate and were predominantly negative, reaching as low as -32.31% on June 30, 2024. This consistent negativity suggests ongoing challenges in effectively utilizing the total capital to generate returns.
Overall, the return on total capital analysis of Xencor Inc indicates a mix of negative and brief positive returns, highlighting potential inefficiencies in capital allocation and financial performance during the periods under review.
Peer comparison
Dec 31, 2024