Avista Corporation (AVA)

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 328,660 326,134 316,941 304,587 277,216 278,508 256,386 248,169 252,959 229,080 240,195 243,771 261,530 264,198 260,383 253,516 230,747 222,900 222,297 227,150
Long-term debt US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total stockholders’ equity US$ in thousands 2,591,000 2,528,090 2,527,240 2,520,500 2,485,320 2,409,890 2,400,420 2,385,310 2,334,670 2,234,850 2,237,490 2,233,300 2,154,740 2,101,640 2,069,970 2,068,590 2,029,730 1,982,850 1,975,040 1,959,100
Return on total capital 12.68% 12.90% 12.54% 12.08% 11.15% 11.56% 10.68% 10.40% 10.83% 10.25% 10.74% 10.92% 12.14% 12.57% 12.58% 12.26% 11.37% 11.24% 11.26% 11.59%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $328,660K ÷ ($—K + $2,591,000K)
= 12.68%

Avista Corporation's return on total capital has shown a fluctuating trend over the past few years, ranging from a low of 10.25% in September 2022 to a high of 12.90% in September 2024. The company's return on total capital generally improved from early 2022 to late 2023, peaking at 12.54% in June 2024 before slightly decreasing to 12.68% by the end of December 2024. Despite some variability, Avista Corporation's return on total capital remained above 10% throughout the period, indicating that the company has been effectively utilizing its total capital to generate profits.