Boise Cascad Llc (BCC)
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 | 624,386 | 658,986 | 772,723 | 879,823 | 1,157,849 | 1,229,454 | 1,059,470 | 1,172,170 | 971,803 | 843,522 | 872,708 | 514,703 | 334,989 | 260,689 | 147,017 | 140,347 | 136,500 | 27,400 | 13,000 | 42,000 |
| Long-term debt | US$ in thousands | 445,280 | 445,058 | 444,836 | 444,614 | 444,392 | 444,175 | 445,045 | 444,836 | 444,628 | 444,419 | 444,210 | 444,001 | 443,792 | 443,583 | 440,178 | 439,915 | 440,544 | 440,265 | 439,986 | 439,707 |
| Total stockholders’ equity | US$ in thousands | 2,195,660 | 2,307,600 | 2,168,520 | 2,144,520 | 2,057,980 | 1,983,070 | 1,764,980 | 1,648,690 | 1,352,620 | 1,305,600 | 1,215,710 | 995,261 | 850,799 | 778,136 | 739,708 | 708,271 | 701,330 | 731,566 | 705,021 | 679,017 |
| Return on total capital | 23.64% | 23.94% | 29.57% | 33.98% | 46.27% | 50.65% | 47.94% | 55.99% | 54.07% | 48.20% | 52.58% | 35.76% | 25.88% | 21.34% | 12.46% | 12.22% | 11.95% | 2.34% | 1.14% | 3.75% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $624,386K ÷ ($445,280K + $2,195,660K)
= 23.64%
Boise Cascade Co's return on total capital has shown fluctuations over the previous quarters. The return on total capital was 23.32% in Q4 2023, slightly lower compared to the previous quarter at 23.61% in Q3 2023. However, the return on total capital was notably higher at 29.20% in Q2 2023 and peaked at 33.62% in Q1 2023.
Looking at the trend over the past year, there has been a general decline in the return on total capital since Q1 2023. The return on total capital was significantly higher in Q4 2022 at 45.66% and even more so in Q3 2022 at 49.97%. However, the return on total capital has been gradually decreasing since then but still remains relatively strong.
Overall, Boise Cascade Co has shown variations in its return on total capital over the past eight quarters, with some quarters displaying notably high returns while others showing a decline. It is important for investors and stakeholders to monitor the company's performance and assess the factors influencing these fluctuations in return on total capital.
Peer comparison
Dec 31, 2023