B&G Foods Inc (BGS)

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	-177,277	121,037	-2,715	2,680	80,419	105,042	126,737	104,485	98,628	53,580	158,250	190,424	196,079	218,261	252,297	278,197	276,438	278,326	256,370	218,765
Long-term debt	US$ in thousands	2,014,820	1,813,960	1,779,030	2,014,150	2,023,090	1,929,140	2,245,630	2,281,460	2,339,050	2,418,090	2,292,140	2,281,200	2,267,760	2,406,830	2,325,910	2,329,990	2,334,090	1,804,590	1,874,440	1,974,860
Total stockholders’ equity	US$ in thousands	524,807	755,307	765,011	781,220	835,463	840,639	866,363	861,819	868,166	841,574	940,181	913,966	920,254	830,622	841,605	840,614	831,877	843,376	817,149	796,287
Return on total capital		-6.98%	4.71%	-0.11%	0.10%	2.81%	3.79%	4.07%	3.32%	3.08%	1.64%	4.90%	5.96%	6.15%	6.74%	7.97%	8.77%	8.73%	10.51%	9.52%	7.89%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-177,277K ÷ ($2,014,820K + $524,807K)
= -6.98%

The return on total capital for B&G Foods Inc has exhibited fluctuations over the periods provided. It started at 7.89% as of March 31, 2020, increased steadily to 10.51% by September 30, 2020, and then experienced some volatility thereafter. There was a notable decline in the return on total capital from December 31, 2021 to March 31, 2022, dropping from 8.73% to 5.96%. The trend continued, with occasional increases and decreases, reaching its lowest point of 0.10% on March 31, 2024.

The company's return on total capital ranged from negative numbers, such as -6.98% on December 31, 2024, to positive values. This fluctuation could indicate varying levels of profitability relative to the total capital employed over the periods examined. It would be crucial for stakeholders to closely monitor the reasons behind these changes to assess the company's financial performance and effectiveness in generating returns for its investors and debt holders.