Benchmark Electronics Inc (BHE)

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	110,817	111,792	118,896	117,604	113,095	113,760	106,515	103,828	97,236	83,880	69,473	57,299	53,879	47,073	43,909	31,053	25,657	4,873	6,017	21,372
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,113,310	1,102,680	1,095,100	1,085,170	1,079,080	1,063,050	1,047,730	1,034,630	1,026,420	1,000,620	985,773	976,405	973,802	962,336	967,278	977,547	989,588	990,327	984,360	989,622
Return on total capital		9.95%	10.14%	10.86%	10.84%	10.48%	10.70%	10.17%	10.04%	9.47%	8.38%	7.05%	5.87%	5.53%	4.89%	4.54%	3.18%	2.59%	0.49%	0.61%	2.16%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $110,817K ÷ ($—K + $1,113,310K)
= 9.95%

Benchmark Electronics Inc's return on total capital has shown an increasing trend over the past few years, indicating improving efficiency in generating returns from its total capital employed.

From March 31, 2020, to December 31, 2024, the return on total capital increased from 2.16% to 9.95%. There were fluctuations in the ratio during this period, with some quarters experiencing higher returns than others. Notably, the return on total capital peaked at 10.86% on June 30, 2024, before slightly decreasing to 9.95% by the end of December 31, 2024.

Overall, the upward trend in the return on total capital suggests that Benchmark Electronics Inc has been effectively utilizing its capital to generate profits for its stakeholders. Further analysis and comparison with industry peers could provide additional insights into the company's financial performance and competitiveness.