Belden Inc (BDC)
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 | 266,460 | 241,236 | 261,316 | 285,001 | 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 |
| Long-term debt | US$ in thousands | 1,130,100 | 1,218,960 | 1,164,840 | 1,180,120 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,294,740 | 1,235,210 | 1,219,850 | 1,155,840 | 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 |
| Return on total capital | 10.99% | 9.83% | 10.96% | 12.20% | 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% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $266,460K ÷ ($1,130,100K + $1,294,740K)
= 10.99%
Return on total capital is a key financial ratio that measures a company's ability to generate profits from its total invested capital, including both debt and equity.
From the data provided for Belden Inc, we can see that the return on total capital fluctuated over the period analyzed. Starting at 8.12% in March 2020, the ratio decreased to 5.51% by September 2020 before beginning to gradually increase.
There was a notable improvement in the return on total capital from September 2021 onwards, reaching a peak of 16.43% in June 2023. However, the ratio dipped slightly in the following quarters but remained relatively strong compared to earlier periods.
The return on total capital for Belden Inc as of December 31, 2024, stood at 10.99%. Overall, the company experienced fluctuations in its ability to generate returns from its total capital, with periods of both improvement and decline.
Peer comparison
Dec 31, 2024