Belden Inc (BDC)
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 | 317,518 | 351,792 | 386,011 | 375,350 | 363,334 | 354,747 | 299,836 | 286,249 | 263,676 | 261,183 | 222,573 | 171,354 | 150,114 | 126,365 | 147,780 | 189,425 | 207,207 | 235,071 | 306,689 | 316,620 |
| Long-term debt | US$ in thousands | 1,204,210 | 1,145,800 | 1,187,150 | 1,179,010 | 1,161,180 | 1,045,350 | 1,137,850 | 1,213,640 | 1,459,990 | 1,492,640 | 1,527,050 | 1,509,710 | 1,573,730 | 1,500,720 | 1,537,370 | 1,385,440 | 1,439,480 | 1,403,670 | 1,457,570 | 1,440,490 |
| Total stockholders’ equity | US$ in thousands | 1,166,260 | 1,199,400 | 1,162,970 | 1,133,520 | 1,143,010 | 1,133,810 | 1,048,200 | 946,770 | 955,287 | 939,518 | 867,751 | 839,092 | 750,581 | 792,396 | 823,919 | 947,243 | 959,847 | 1,138,700 | 1,428,210 | 1,430,910 |
| Return on total capital | 13.39% | 15.00% | 16.43% | 16.23% | 15.77% | 16.28% | 13.72% | 13.25% | 10.92% | 10.74% | 9.29% | 7.30% | 6.46% | 5.51% | 6.26% | 8.12% | 8.64% | 9.25% | 10.63% | 11.03% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $317,518K ÷ ($1,204,210K + $1,166,260K)
= 13.39%
To analyze the return on total capital of Belden Inc, we can observe its trend over the past eight quarters. The return on total capital provides insights into how efficiently the company is generating profits from its total capital employed.
Looking at the data provided, we can see that Belden Inc's return on total capital has been relatively stable over the past two years, ranging from 12.88% to 14.81%. This indicates that the company has been effectively utilizing its capital to generate returns for its investors.
The highest return on total capital was recorded in Q2 2023 at 14.81%, while the lowest was in Q4 2023 at 12.88%. Despite the slight fluctuation, the returns have generally remained above 12%, reflecting a consistent performance in capital efficiency.
Overall, the return on total capital trend suggests that Belden Inc has been maintaining a healthy level of profitability relative to the capital invested in the business. This stability indicates the company's ability to efficiently deploy its resources and generate returns for its stakeholders.
Peer comparison
Dec 31, 2023