Bloomin Brands Inc (BLMN)

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	325,144	352,432	345,525	343,798	330,421	324,770	288,298	325,216	308,958	223,234	194,142	-42,407	-174,973	-124,557	-88,344	67,028	191,090	169,333	159,912	149,376
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	409,122	393,149	368,924	319,996	271,369	238,498	260,822	291,563	216,461	159,816	146,289	38,604	4,145	5,134	21,110	91,950	170,342	144,283	150,779	244,184
Return on total capital		79.47%	89.64%	93.66%	107.44%	121.76%	136.17%	110.53%	111.54%	142.73%	139.68%	132.71%	-109.85%	-4,221.30%	-2,426.12%	-418.49%	72.90%	112.18%	117.36%	106.06%	61.17%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $325,144K ÷ ($—K + $409,122K)
= 79.47%

Bloomin Brands Inc has consistently maintained a healthy return on total capital over the past eight quarters, ranging from 27.92% to 33.40%. The company's return on total capital peaked in Q2 2023 at 33.40% and dipped to its lowest point in Q3 2022 at 27.92%. Overall, Bloomin Brands Inc's return on total capital demonstrates the company's ability to generate value from its total capital investment, showcasing strong efficiency and profitability in utilizing its resources.