Alkermes Plc (ALKS)
Return on total capital
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 248,422 | 374,488 | 281,151 | 239,318 | 122,135 | -154,183 | -154,264 | -134,713 | -94,995 | -56,052 | -28,087 | -70,496 | -42,395 | -74,093 | -87,878 | -47,462 | -101,941 | -115,171 | -183,455 | -182,307 |
| Long-term debt | US$ in thousands | 286,459 | 287,095 | 287,730 | 288,366 | 289,001 | 289,635 | 290,270 | 290,904 | 291,537 | 292,171 | 292,804 | 293,437 | 294,070 | 294,702 | 272,118 | 272,663 | 273,207 | 273,751 | 274,295 | 274,838 |
| Total stockholders’ equity | US$ in thousands | 1,284,000 | 1,254,760 | 1,202,690 | 1,355,580 | 1,280,440 | 1,005,580 | 1,043,750 | 1,042,850 | 1,082,320 | 1,075,390 | 1,112,580 | 1,096,170 | 1,097,900 | 1,051,160 | 1,066,980 | 1,084,360 | 1,061,850 | 1,063,020 | 1,085,440 | 1,068,180 |
| Return on total capital | 15.82% | 24.29% | 18.86% | 14.56% | 7.78% | -11.90% | -11.56% | -10.10% | -6.91% | -4.10% | -2.00% | -5.07% | -3.05% | -5.51% | -6.56% | -3.50% | -7.64% | -8.62% | -13.49% | -13.57% |
June 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $248,422K ÷ ($286,459K + $1,284,000K)
= 15.82%
Alkermes Plc's return on total capital has displayed fluctuations over the past few periods. The return on total capital was positive in most recent quarters, with values ranging from 15.82% to 24.29%. This suggests that the company has been able to generate a positive return on the total capital employed in its operations.
However, there were periods in the past where the return on total capital was negative, indicating that the company was not efficiently utilizing its capital resources to generate profits. The negative values ranged from -13.57% to -2.00%.
Overall, it is essential for Alkermes Plc to consistently monitor and improve its return on total capital to ensure efficient use of its capital resources and enhance shareholder value in the long term.
Peer comparison
Jun 30, 2024