Agilent Technologies Inc (A)
Return on total capital
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 1,434,000 | 1,588,000 | 1,441,000 | 920,000 | 941,000 |
| Long-term debt | US$ in thousands | — | — | 2,729,000 | 2,284,000 | 1,791,000 |
| Total stockholders’ equity | US$ in thousands | 5,845,000 | 5,305,000 | 5,389,000 | 4,873,000 | 4,748,000 |
| Return on total capital | 24.53% | 29.93% | 17.75% | 12.85% | 14.39% |
October 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,434,000K ÷ ($—K + $5,845,000K)
= 24.53%
Agilent Technologies Inc.'s return on total capital has exhibited fluctuations over the past five years. In 2023, the return on total capital decreased to 15.73% from 20.04% in 2022, marking a decline. However, the company's return remained relatively in line with the 2021 figure of 16.59%. The return on total capital in 2020 and 2019 stood at 11.70% and 13.15% respectively, indicating an upward trend since 2020. This suggests that the company has been effectively utilizing its total capital to generate returns, with some variability in performance over the years. Further analysis of the underlying factors contributing to these fluctuations may provide insight into the company's capital management and overall financial performance.
Peer comparison
Oct 31, 2023