ArcBest Corp (ARCB)
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 | 244,434 | 270,526 | 180,624 | 173,895 | 172,619 | 163,318 | 233,563 | 327,485 | 399,269 | 431,252 | 403,477 | 341,738 | 280,986 | 224,303 | 176,524 | 122,650 | 98,278 | 56,797 | 48,223 | 62,998 |
Long-term debt | US$ in thousands | 125,156 | 118,312 | 144,972 | 148,992 | 161,990 | 176,296 | 168,105 | — | 198,371 | — | — | — | — | — | — | — | — | — | — | — |
Total stockholders’ equity | US$ in thousands | 1,314,360 | 1,307,100 | 1,231,540 | 1,222,730 | 1,242,360 | 1,220,730 | 1,211,360 | 1,205,860 | 1,151,400 | 1,126,290 | 1,063,210 | 983,172 | 929,067 | 961,043 | 898,134 | 851,909 | 828,593 | 802,639 | 775,091 | 759,206 |
Return on total capital | 16.98% | 18.98% | 13.12% | 12.68% | 12.29% | 11.69% | 16.93% | 27.16% | 29.58% | 38.29% | 37.95% | 34.76% | 30.24% | 23.34% | 19.65% | 14.40% | 11.86% | 7.08% | 6.22% | 8.30% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $244,434K ÷ ($125,156K + $1,314,360K)
= 16.98%
ArcBest Corp's return on total capital has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates an initial increase in returns, with a significant rise from March 2021 onwards, reaching a peak of 38.29% by September 30, 2022. However, from that point onwards, the return on total capital experienced a decline, dropping to 12.68% by March 31, 2024. Subsequently, there was some recovery as the return slightly improved to 16.98% by December 31, 2024.
Overall, the return on total capital for ArcBest Corp demonstrates some volatility, with periods of both growth and decline. Investors and stakeholders may need to closely monitor future financial performance to assess the company's ability to generate returns on its total capital effectively.
Peer comparison
Dec 31, 2024