Arcosa Inc (ACA)
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 | 224,000 | 347,200 | 107,000 | 148,800 | 153,600 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,332,000 | 2,184,400 | 1,953,300 | 1,892,200 | 1,790,400 |
| Return on total capital | 9.61% | 15.89% | 5.48% | 7.86% | 8.58% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $224,000K ÷ ($—K + $2,332,000K)
= 9.61%
Arcosa Inc's return on total capital has varied over the past five years. In 2023, the return on total capital was 6.30%, showing a slight increase from the previous year's figure of 5.85%. However, it is important to note that the return on total capital was higher in 2020 at 7.40% and in 2019 at 8.06%. The return on total capital in 2021 was relatively lower at 4.19%. Overall, Arcosa Inc's return on total capital has fluctuated, indicating varying levels of efficiency in generating returns from its total capital over the years.
Peer comparison
Dec 31, 2023
Company name
Symbol
Return on total capital
Arcosa Inc
ACA
9.61%
Proto Labs Inc
PRLB
4.05%
Valmont Industries Inc
VMI
23.09%