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.