AptarGroup Inc (ATR)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 415,554 | 375,264 | 352,398 | 334,349 | 371,693 |
| Long-term debt | US$ in thousands | 600,000 | 868,700 | 900,000 | 1,100,000 | 1,100,000 |
| Total stockholders’ equity | US$ in thousands | 2,306,820 | 2,053,940 | 1,969,410 | 1,850,390 | 1,571,920 |
| Return on total capital | 14.30% | 12.84% | 12.28% | 11.33% | 13.91% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $415,554K ÷ ($600,000K + $2,306,820K)
= 14.30%
Aptargroup Inc.'s return on total capital has shown relatively stable performance over the past five years, ranging from 11.68% to 14.17%. The company's ability to generate returns on the total capital employed in its operations improved in 2023 compared to the previous years. This indicates that Aptargroup Inc. has been efficient in utilizing its overall invested capital to generate profits for its stakeholders. The trend suggests that the company has been effectively managing its capital structure and operating assets to deliver solid returns. However, it is important to note that a deeper analysis of the components contributing to this return would provide further insights into the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023