Church & Dwight Company Inc (CHD)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 1,078,300 | 612,900 | 1,086,200 | 1,034,800 | 847,300 |
| Long-term debt | US$ in thousands | 2,202,200 | 2,599,500 | 1,610,700 | 1,812,500 | 1,810,200 |
| Total stockholders’ equity | US$ in thousands | 3,855,400 | 3,489,900 | 3,233,200 | 3,020,400 | 2,667,800 |
| Return on total capital | 17.80% | 10.07% | 22.42% | 21.41% | 18.92% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,078,300K ÷ ($2,202,200K + $3,855,400K)
= 17.80%
Church & Dwight Co., Inc. has exhibited a fluctuating trend in return on total capital over the past five years. The return on total capital was 17.03% in 2023, a significant increase from the previous year's 9.90%. However, it was lower compared to the relatively high levels seen in 2020 and 2021 at 19.99% and 18.78%, respectively. The company's return on total capital has remained generally strong, consistently above 15% over the past five years, reflecting efficient capital utilization and value creation for shareholders. Further analysis and comparison with industry peers would provide a more comprehensive understanding of Church & Dwight Co., Inc.'s performance in this aspect.
Peer comparison
Dec 31, 2023