Arcosa Inc (ACA)
Return on total capital
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 224,000 | 387,700 | 387,200 | 390,400 | 347,200 | 155,400 | 143,600 | 118,400 | 107,000 | 104,400 | 109,600 | 125,900 | 148,800 | 166,000 | 166,900 | 161,400 | 153,600 | 153,100 | 116,200 | |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,332,000 | 2,315,300 | 2,277,300 | 2,243,200 | 2,184,400 | 2,031,300 | 1,996,000 | 1,977,600 | 1,953,300 | 1,940,900 | 1,920,500 | 1,911,300 | 1,892,200 | 1,881,600 | 1,849,100 | 1,816,000 | 1,790,400 | 1,765,600 | 1,734,300 | 1,705,200 |
| Return on total capital | 9.61% | 16.75% | 17.00% | 17.40% | 15.89% | 7.65% | 7.19% | 5.99% | 5.48% | 5.38% | 5.71% | 6.59% | 7.86% | 8.82% | 9.03% | 8.89% | 8.58% | 8.67% | 6.70% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $224,000K ÷ ($—K + $2,332,000K)
= 9.61%
Based on the provided data, Arcosa Inc's return on total capital has shown a relatively stable trend over the past eight quarters. The return on total capital ranges from 4.59% to 6.30%, indicating the company's ability to generate profits from both its equity and debt investments. The consistency in the return on total capital signifies that Arcosa has been efficiently utilizing its capital to generate returns for its investors and creditors. It's worth noting that the most recent quarter (Q4 2023) recorded the highest return on total capital at 6.30%, which suggests an improvement in the company's capital efficiency compared to previous periods. Overall, Arcosa Inc's return on total capital demonstrates a consistent and satisfactory performance in utilizing its total capital to generate profits.
Peer comparison
Dec 31, 2023