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
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.