Clean Harbors Inc (CLH)
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 | 612,439 | 592,543 | 647,262 | 668,609 | 634,747 | 589,548 | 485,294 | 384,125 | 347,887 | 327,430 | 306,476 | 256,695 | 251,336 | 241,902 | 238,390 | 251,218 | 229,456 | 218,634 | 204,012 | 195,317 |
| Long-term debt | US$ in thousands | 2,291,720 | 2,292,950 | 2,294,310 | 2,409,650 | 2,414,830 | 2,507,950 | 2,510,960 | 2,513,940 | 2,517,020 | 1,546,280 | 1,547,400 | 1,548,520 | 1,549,640 | 1,550,760 | 1,626,870 | 1,702,990 | 1,554,120 | 1,555,260 | 1,562,990 | 1,564,000 |
| Total stockholders’ equity | US$ in thousands | 2,247,510 | 2,185,790 | 2,109,890 | 1,980,040 | 1,922,320 | 1,837,580 | 1,716,950 | 1,593,240 | 1,513,890 | 1,463,560 | 1,409,590 | 1,348,450 | 1,341,550 | 1,304,720 | 1,253,970 | 1,205,800 | 1,269,810 | 1,235,800 | 1,209,470 | 1,171,960 |
| Return on total capital | 13.49% | 13.23% | 14.70% | 15.23% | 14.64% | 13.57% | 11.48% | 9.35% | 8.63% | 10.88% | 10.36% | 8.86% | 8.69% | 8.47% | 8.28% | 8.64% | 8.13% | 7.83% | 7.36% | 7.14% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $612,439K ÷ ($2,291,720K + $2,247,510K)
= 13.49%
Clean Harbors, Inc.'s return on total capital has shown variability over the quarters in the provided data. The return on total capital ranged from a low of 9.31% in Q1 2022 to a high of 15.20% in Q1 2023. Generally, the return on total capital has been trending upwards, starting at 9.31% in Q1 2022 and reaching 15.20% in Q1 2023 before slightly decreasing to 13.46% in Q4 2023. This indicates an improvement in the company's ability to generate returns from its total capital investments over time. However, the fluctuation in the ratio should be further analyzed to understand the factors driving the changes in performance and whether they are sustainable in the long term.
Peer comparison
Dec 31, 2023