ACI Worldwide Inc (ACIW)

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	226,113	201,357	182,883	202,511	259,828	276,133	257,829	248,038	220,125	158,409	164,149	178,559	155,256	160,218	180,690	145,074	136,243	146,101	119,982	120,372
Long-term debt	US$ in thousands	963,599	987,221	991,829	1,010,940	1,024,350	947,750	1,031,130	1,036,380	1,019,870	1,033,350	1,071,820	1,097,160	1,120,740	1,234,320	1,282,890	1,321,450	1,339,010	1,373,560	1,352,100	645,784
Total stockholders’ equity	US$ in thousands	1,324,300	1,211,040	1,172,530	1,167,630	1,193,190	1,198,220	1,208,360	1,224,670	1,244,780	1,195,550	1,178,560	1,197,720	1,206,600	1,122,840	1,090,740	1,067,800	1,129,970	1,058,940	1,052,580	1,032,580
Return on total capital		9.88%	9.16%	8.45%	9.30%	11.72%	12.87%	11.51%	10.97%	9.72%	7.11%	7.29%	7.78%	6.67%	6.80%	7.61%	6.07%	5.52%	6.01%	4.99%	7.17%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $226,113K ÷ ($963,599K + $1,324,300K)
= 9.88%

ACI Worldwide Inc's return on total capital has shown fluctuations over the past eight quarters. In Q4 2023, the return on total capital was 9.33%, which was an improvement compared to the previous quarter. However, this was lower than the returns seen in Q4 2022 and Q3 2022.

Overall, the return on total capital has been relatively stable, hovering around the 9-10% range in recent quarters. This indicates that ACI Worldwide Inc has been generating a reasonable return on the total capital invested in the business. Further analysis of the underlying factors driving these returns would be necessary to fully assess the company's financial performance.