Apogee Enterprises Inc (APOG)
Return on total capital
| Mar 2, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 137,242 | 142,730 | 140,182 | 126,628 | 125,055 | 89,026 | 69,470 | 34,608 | 18,429 | -24,504 | 11,065 | 38,503 | 28,196 | 96,275 | 67,878 | 71,342 | 88,963 | 57,855 | 67,438 | 68,159 |
| Long-term debt | US$ in thousands | 62,000 | 100,666 | 145,675 | 170,669 | 169,837 | 203,735 | 250,834 | 261,000 | 162,000 | 162,000 | 162,000 | 162,000 | 163,000 | 166,463 | 15,672 | 55,500 | 212,500 | 95,856 | 117,385 | 293,309 |
| Total stockholders’ equity | US$ in thousands | 471,025 | 455,731 | 432,318 | 410,206 | 396,408 | 377,638 | 356,740 | 327,290 | 386,199 | 473,853 | 476,561 | 497,551 | 492,745 | 547,343 | 526,168 | 504,144 | 516,778 | 514,979 | 503,081 | 484,976 |
| Return on total capital | 25.75% | 25.65% | 24.25% | 21.80% | 22.08% | 15.31% | 11.43% | 5.88% | 3.36% | -3.85% | 1.73% | 5.84% | 4.30% | 13.49% | 12.53% | 12.75% | 12.20% | 9.47% | 10.87% | 8.76% |
March 2, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $137,242K ÷ ($62,000K + $471,025K)
= 25.75%
Apogee Enterprises Inc's return on total capital has exhibited some fluctuations over the past 20 reported periods. The return on total capital ranged from a low of -3.85% to a high of 25.75%.
The company's return on total capital has generally shown an upward trend, with occasional fluctuations. In the most recent period, the return on total capital was 25.75%, indicating that the company was able to generate a return of 25.75 cents on every dollar of capital employed.
The company's ability to generate a return on total capital above 20% in multiple periods indicates strong operational efficiency and effective capital utilization. However, periods with returns below 10% suggest potential challenges in generating sufficient returns on the capital employed.
Overall, Apogee Enterprises Inc's return on total capital reflects a mix of positive and challenging performance periods, emphasizing the importance of continuous monitoring and evaluation of the company's capital efficiency.