Ciena Corp (CIEN)
Return on total capital
| Nov 2, 2024 | Jul 27, 2024 | Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 189,064 | 224,579 | 286,237 | 389,769 | 411,679 | 396,109 | 335,181 | 283,054 | 229,555 | 287,641 | 409,486 | 482,604 | 493,588 | 449,581 | 488,531 | 480,999 | 458,521 | 449,018 | 294,112 | 187,600 |
| Long-term debt | US$ in thousands | 1,533,070 | 1,538,320 | 1,540,640 | 1,543,120 | 1,543,410 | 1,543,900 | 1,546,400 | 1,547,500 | 1,061,120 | 1,062,450 | 1,062,180 | 1,065,260 | 670,355 | 671,855 | — | 674,856 | 676,356 | — | — | 684,939 |
| Total stockholders’ equity | US$ in thousands | 2,816,140 | 2,890,870 | 2,880,260 | 2,923,500 | 2,848,360 | 2,947,010 | 2,908,650 | 2,838,300 | 2,712,860 | 2,667,740 | 2,782,420 | 2,814,790 | 3,020,020 | 2,924,240 | 2,693,260 | 2,586,510 | 2,509,600 | 2,428,870 | 2,240,580 | 2,054,300 |
| Return on total capital | 4.35% | 5.07% | 6.47% | 8.73% | 9.37% | 8.82% | 7.52% | 6.45% | 6.08% | 7.71% | 10.65% | 12.44% | 13.38% | 12.50% | 18.14% | 14.75% | 14.39% | 18.49% | 13.13% | 6.85% |
November 2, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $189,064K ÷ ($1,533,070K + $2,816,140K)
= 4.35%
The return on total capital for Ciena Corp has fluctuated over the past few quarters. It ranged from a low of 4.35% on Nov 2, 2024, to a high of 18.49% on Oct 31, 2020. The trend in the return on total capital appears to have increased from 6.85% on Jan 31, 2019, reaching a peak of 18.49% on Oct 31, 2020, before experiencing some fluctuations.
Overall, the return on total capital for Ciena Corp has shown variability but generally indicates the company's ability to generate profits from both its equity and debt investments. Further analysis of the company's financial performance and capital structure would be needed to understand the factors driving these changes in return on total capital.
Peer comparison
Nov 2, 2024