BWX Technologies Inc (BWXT)
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 | 367,964 | 339,103 | 340,254 | 356,515 | 350,358 | 436,294 | 433,889 | 416,623 | 431,054 | 371,946 | 382,497 | 385,232 | 392,660 | 384,382 | 387,999 | 383,346 | 348,500 | 301,444 | 290,594 | 290,465 |
| Long-term debt | US$ in thousands | 1,203,420 | 1,334,470 | 1,330,520 | 1,361,570 | 1,282,620 | 1,340,720 | 1,380,250 | 1,299,780 | 1,189,300 | 1,253,830 | 784,111 | 1,018,260 | 862,731 | 902,197 | 826,831 | 911,312 | 809,442 | 849,589 | 855,690 | 856,005 |
| Total stockholders’ equity | US$ in thousands | 933,351 | 872,036 | 841,659 | 788,129 | 748,310 | 712,714 | 704,286 | 659,889 | 637,175 | 578,315 | 708,997 | 656,238 | 617,766 | 550,186 | 481,517 | 429,512 | 404,106 | 354,476 | 294,130 | 242,849 |
| Return on total capital | 17.22% | 15.37% | 15.66% | 16.58% | 17.25% | 21.25% | 20.81% | 21.26% | 23.60% | 20.30% | 25.62% | 23.01% | 26.52% | 26.47% | 29.66% | 28.59% | 28.72% | 25.04% | 25.27% | 26.43% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $367,964K ÷ ($1,203,420K + $933,351K)
= 17.22%
Based on the data provided, BWX Technologies Inc has maintained relatively consistent return on total capital over the past eight quarters, ranging from 16.61% to 17.92%. This indicates the company's ability to generate profits from both its equity and debt capital investments. The stable and strong performance in return on total capital suggests that BWX Technologies Inc efficiently utilizes its capital to generate earnings. Additionally, the consecutive quarters of high returns demonstrate the company's sustained profitability and effective management of its financial resources. Overall, the consistent and healthy return on total capital reflects positively on the financial performance and capital efficiency of BWX Technologies Inc.
Peer comparison
Dec 31, 2023