Artivion Inc (AORT)
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 | 16,449 | 28,155 | 18,220 | 14,238 | 3,552 | -1,475 | -6,384 | -9,368 | -6,709 | -18,698 | -11,502 | -8,220 | -8,488 | 10,119 | 14,262 | 8,554 | 4,268 | 1,462 | 2,532 | 10,119 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 276,200 | 304,739 | 295,056 | 294,985 | 281,780 | 271,975 | 282,508 | 279,917 | 284,329 | 255,108 | 281,509 | 297,492 | 300,728 | 311,541 | 301,835 | 297,331 | 328,713 | 325,766 | 296,556 | 276,609 |
| Return on total capital | 5.96% | 9.24% | 6.18% | 4.83% | 1.26% | -0.54% | -2.26% | -3.35% | -2.36% | -7.33% | -4.09% | -2.76% | -2.82% | 3.25% | 4.73% | 2.88% | 1.30% | 0.45% | 0.85% | 3.66% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $16,449K ÷ ($—K + $276,200K)
= 5.96%
Artivion Inc's return on total capital has fluctuated over the periods provided. The return on total capital was relatively low in the middle of 2020, ranging from 0.45% to 1.30%. However, it started to improve by March 31, 2021, reaching 2.88%, and continued on an upward trend until September 30, 2021, where it peaked at 4.73%.
From December 31, 2021, to March 31, 2023, Artivion Inc experienced negative returns on total capital, indicating that the company's capital was not being utilized efficiently to generate profits during those periods. The return on total capital varied in the negative range, with the lowest point being -7.33% on September 30, 2022.
The company then began to recover, with a modest increase in return on total capital by December 31, 2023, at 1.26%. Subsequently, from March 31, 2024, to December 31, 2024, the return on total capital showed an improving trend, with percentages ranging from 4.83% to 9.24%.
Overall, the analysis indicates that Artivion Inc has experienced fluctuations in its return on total capital, showcasing both periods of inefficiency in capital utilization and improvement in profitability over the years.
Peer comparison
Dec 31, 2024