Aramark Holdings (ARMK)

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	830,249	862,926	783,252	727,756	687,764	628,365	562,468	488,828	352,183	191,469	-34,795	-436,638	-539,660	-264,900	35,163	551,579	772,090	891,159	964,897	962,742
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	2,846,630	3,712,720	3,551,270	3,183,270	3,143,260	3,029,640	2,915,260	2,904,200	2,784,460	2,722,870	2,686,220	2,623,540	2,677,140	2,735,990	2,895,340	3,169,440	3,451,580	3,320,050	3,285,920	3,233,680
Return on total capital		29.17%	23.24%	22.06%	22.86%	21.88%	20.74%	19.29%	16.83%	12.65%	7.03%	-1.30%	-16.64%	-20.16%	-9.68%	1.21%	17.40%	22.37%	26.84%	29.36%	29.77%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $830,249K ÷ ($—K + $2,846,630K)
= 29.17%

Aramark Holdings has shown varying levels of return on total capital over the past several quarters, ranging from negative figures to positive figures. The company's return on total capital has been on an upward trend recently, reaching a high of 29.17% in December 2023. This indicates that the company is effectively generating profits relative to the total capital invested in the business.

The trend's fluctuations suggest potential changes in the company's operational efficiency, capital structure, and profitability over the analyzed period. Overall, a higher return on total capital indicates better utilization of resources and effective management of the company's assets to generate profits for shareholders.