Amphastar P (AMPH)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 213,323 | 218,475 | 238,376 | 219,268 | 196,536 | 187,971 | 134,021 | 121,206 | 116,709 | 102,100 | 115,862 | 106,016 | 83,631 | 49,374 | 18,992 | 5,312 | 5,317 | 11,900 | 7,451 | 69,667 |
| Long-term debt | US$ in thousands | 613,532 | — | — | — | 603,174 | 653,268 | — | — | 76,642 | — | — | — | 78,185 | — | — | — | 45,923 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 732,298 | 727,678 | 713,346 | 672,356 | 639,421 | 595,140 | 589,235 | 548,577 | 528,658 | 505,165 | 499,307 | 479,525 | 445,522 | 430,176 | 421,993 | 405,558 | 402,306 | 450,962 | 397,681 | 377,514 |
| Return on total capital | 15.85% | 30.02% | 33.42% | 32.61% | 15.82% | 15.06% | 22.74% | 22.09% | 19.28% | 20.21% | 23.20% | 22.11% | 15.97% | 11.48% | 4.50% | 1.31% | 1.19% | 2.64% | 1.87% | 18.45% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $213,323K ÷ ($613,532K + $732,298K)
= 15.85%
Amphastar P's return on total capital has shown varying levels over the period from March 31, 2020, to December 31, 2024. The return on total capital ranged from a low of 1.19% in December 2020 to a high of 33.42% in June 2024. The return on total capital increased steadily from March 2020 to March 2022, with significant improvements in performance noted in the latter half of 2022. However, there was a slight dip in the return on total capital in the second and third quarters of 2023.
Notably, the return on total capital surged to its peak of 33.42% in June 2024, reflecting a strong performance by the company in utilizing its total capital effectively to generate profits. Although there was a slight decline in the return on total capital in the subsequent quarters of 2024, the company maintained relatively high levels compared to earlier periods.
Overall, the trend in Amphastar P's return on total capital indicates fluctuations over time, with periods of both growth and decline. It is essential for the company to continue monitoring and managing its total capital efficiently to sustain and improve its performance in the future.
Peer comparison
Dec 31, 2024