Albany International Corporation (AIN)
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 | 167,894 | 164,022 | 177,596 | 182,810 | 181,022 | 184,853 | 175,695 | 174,946 | 178,010 | 171,256 | 165,543 | 168,304 | 152,473 | 160,919 | 180,187 | 181,137 | 196,832 | 186,851 | 173,069 | 161,317 |
| Long-term debt | US$ in thousands | 452,667 | 463,339 | 487,000 | 491,000 | 439,000 | 447,000 | 485,000 | 427,000 | 350,000 | 350,000 | 350,000 | 384,000 | 398,000 | 418,000 | 435,000 | 491,002 | 424,009 | 424,012 | 482,019 | 491,022 |
| Total stockholders’ equity | US$ in thousands | 961,368 | 914,839 | 910,457 | 892,586 | 863,049 | 816,006 | 817,673 | 860,220 | 873,967 | 876,603 | 864,217 | 822,595 | 816,066 | 746,809 | 703,311 | 666,961 | 698,683 | 659,530 | 647,868 | 623,166 |
| Return on total capital | 11.87% | 11.90% | 12.71% | 13.21% | 13.90% | 14.64% | 13.49% | 13.59% | 14.54% | 13.96% | 13.63% | 13.95% | 12.56% | 13.82% | 15.83% | 15.64% | 17.53% | 17.24% | 15.32% | 14.48% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $167,894K ÷ ($452,667K + $961,368K)
= 11.87%
Albany International Corp.'s return on total capital has shown a gradual decline from 14.74% in Q3 2022 to 11.86% in Q4 2023. The company's return on total capital peaked at 13.91% in Q4 2022. This indicates a decreasing trend in the efficiency of the company in generating returns from its total capital over the quarters analyzed. It is important for the company to closely monitor and analyze the factors contributing to this declining trend to make informed strategic decisions and improve its financial performance in the future.