Cracker Barrel Old Country Store (CBRL)

Return on total capital

		Aug 2, 2024	Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	45,119	64,140	100,202	108,411	120,617	112,352	126,016	133,709	153,003	182,699	204,735	172,466	366,659	344,070	212,604	277,344	97,631	136,922	280,983	278,559
Long-term debt	US$ in thousands	476,581	472,216	452,278	475,340	414,904	444,545	454,111	483,679	423,249	372,894	327,358	376,974	327,253	575,349	835,049	910,000	910,000	940,000	460,000	485,000
Total stockholders’ equity	US$ in thousands	440,149	426,557	461,967	460,252	483,825	473,868	486,493	487,513	511,479	564,229	604,104	629,215	663,633	648,113	608,611	591,612	418,389	392,209	629,930	605,784
Return on total capital		4.92%	7.14%	10.96%	11.59%	13.42%	12.23%	13.40%	13.77%	16.37%	19.50%	21.98%	17.14%	37.00%	28.12%	14.73%	18.47%	7.35%	10.28%	25.78%	25.54%

August 2, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $45,119K ÷ ($476,581K + $440,149K)
= 4.92%

The return on total capital for Cracker Barrel Old Country Store has shown fluctuations over the past 20 quarters. The ratio ranged from a low of 4.92% to a high of 37.00%, indicating variability in the company's ability to generate profits relative to the total capital employed. Overall, the trend appears to be positive, with the ratio generally increasing over the past two years, reaching its peak at 37.00% in January 2023 before slightly declining in subsequent quarters. This suggests that the company has been able to efficiently utilize its total capital to generate returns for its investors. Further analysis would be needed to understand the reasons behind these fluctuations and whether they align with the company's strategic goals and industry performance.