Artivion Inc (AORT)
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 | ||
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Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 3,713 | 6,707 | 1,796 | -1,102 | 3,240 | -17,602 | 2,169 | 2,691 | 671 | 17,472 | 6,147 | 3,758 | -876 | -335 | 1,554 | 9,159 | 16,544 | 13,838 | 17,438 | 14,865 |
Long-term debt | US$ in thousands | 305,531 | 305,877 | 306,109 | 306,279 | 306,499 | 306,674 | 306,941 | 307,232 | 307,493 | 307,765 | 308,050 | 310,058 | 290,468 | 289,697 | 288,946 | 244,227 | 214,571 | 214,793 | 215,013 | 215,260 |
Total stockholders’ equity | US$ in thousands | 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 | 285,696 | 277,501 | 282,153 | 272,622 |
Return on total capital | 0.63% | 1.16% | 0.31% | -0.19% | 0.55% | -3.13% | 0.37% | 0.44% | 0.11% | 2.82% | 1.01% | 0.62% | -0.14% | -0.05% | 0.27% | 1.76% | 3.31% | 2.81% | 3.51% | 3.05% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $3,713K ÷ ($305,531K + $281,780K)
= 0.63%
Artivion Inc's return on total capital has exhibited fluctuating performance over the past eight quarters. In Q4 2023, the return on total capital was -1.44%, indicating that the company generated a negative return on the total capital invested in the business during that period. This was a deterioration from the previous quarter's performance, where the return on total capital was -1.30%.
The negative trend continued in Q2 and Q3 2023, with returns on total capital of -1.75% and -1.30% respectively. However, the company showed a slight improvement in Q1 2023, achieving a return on total capital of 0.12%, turning positive for the first time in the analyzed period.
Comparing the most recent performance with the same quarter the previous year, there has been a significant decline in return on total capital. In Q4 2022, the return on total capital was 1.04%, illustrating a notable decrease in profitability for Artivion Inc over this one-year period.
Overall, Artivion Inc's return on total capital has been volatile and generally negative in recent quarters, indicating challenges in generating profits relative to the total capital invested in the business. Further analysis and scrutiny of the company's financial performance and operational efficiency may be necessary to improve this key financial metric.
Peer comparison
Dec 31, 2023