Caleres Inc (CAL)
Return on total capital
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 194,455 | 214,327 | 205,807 | -485,658 | 103,813 |
| Long-term debt | US$ in thousands | — | — | — | 200,000 | 200,000 |
| Total stockholders’ equity | US$ in thousands | 560,631 | 420,683 | 318,570 | 200,247 | 645,950 |
| Return on total capital | 34.69% | 50.95% | 64.60% | -121.34% | 12.27% |
February 3, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $194,455K ÷ ($—K + $560,631K)
= 34.69%
Caleres Inc's return on total capital has fluctuated over the past five years. In 2024, the return on total capital stood at 34.69%, showing a decrease from the previous year's figure of 50.95%. Despite this decrease, the return remains positive, indicating that the company is generating profits relative to its total capital employed.
Looking back further, in 2022, Caleres Inc achieved a notably higher return on total capital of 64.60%, reflecting efficient capital utilization. However, in 2021, the return turned negative at -121.34%, suggesting that the company's capital investments led to losses during that year.
Compared to the relatively unstable performance in 2021, the return on total capital in 2020 rebounded to 12.27%, indicating a recovery and a return to profitability. Overall, Caleres Inc's return on total capital has shown variability but generally positive performance, with the company experiencing fluctuations in capital efficiency over the past years.
Peer comparison
Feb 3, 2024