AptarGroup Inc (ATR)

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	415,554	407,750	382,457	363,331	375,264	379,811	359,684	339,690	352,398	344,968	368,328	357,335	337,479	331,399	323,673	363,059	371,693	353,465	324,333	295,407
Long-term debt	US$ in thousands	600,000	517,300	801,100	828,900	868,700	900,000	1,200,000	1,200,000	900,000	900,000	1,100,000	1,100,000	1,100,000	1,100,000	1,100,000	1,000,000	1,100,000	1,100,000	1,100,000	1,100,000
Total stockholders’ equity	US$ in thousands	2,306,820	2,199,740	2,174,390	2,112,820	2,053,940	1,874,680	1,934,110	1,983,270	1,969,410	1,957,900	1,986,280	1,900,410	1,850,390	1,759,570	1,645,630	1,587,290	1,571,920	1,553,660	1,581,110	1,467,400
Return on total capital		14.30%	15.01%	12.85%	12.35%	12.84%	13.69%	11.48%	10.67%	12.28%	12.07%	11.93%	11.91%	11.44%	11.59%	11.79%	14.03%	13.91%	13.32%	12.10%	11.51%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (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 eight quarters, ranging from 10.88% to 13.09%. The return on total capital indicates the efficiency with which the company generates profits from the capital invested in its operations.

The company has generally maintained a healthy return on total capital, with Q4 2023 showing the highest return at 13.09% and Q2 2022 recording the lowest at 10.88%. This indicates that Aptargroup has been effectively utilizing its total capital to generate returns for its shareholders.

The consistency in return on total capital over the quarters suggests that Aptargroup has been able to efficiently allocate its resources and manage its operations to maintain profitability. Investors and stakeholders may view this as a positive sign of the company's financial health and management effectiveness.