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.
Peer comparison
Dec 31, 2023