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

Company name
Symbol
Return on total capital
Clean Harbors Inc
CLH
13.49%
Stericycle Inc
SRCL
2.02%