Clean Harbors Inc (CLH)

Return on total capital

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 670,232 680,557 642,629 616,959 612,439 592,543 647,262 668,609 634,747 589,548 485,294 384,125 347,887 327,430 306,476 256,695 251,336 241,902 238,390 251,218
Long-term debt US$ in thousands 2,771,120 2,773,660 2,775,840 2,778,620 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
Total stockholders’ equity US$ in thousands 2,573,530 2,528,310 2,441,720 2,311,340 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
Return on total capital 12.54% 12.84% 12.32% 12.12% 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%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $670,232K ÷ ($2,771,120K + $2,573,530K)
= 12.54%

Clean Harbors Inc's return on total capital has shown a generally increasing trend over the past few years, starting at 8.64% in March 2020 and peaking at 15.23% in March 2023. However, there have been fluctuations in the ratio since then, with some quarters showing a slight decrease followed by a subsequent increase. The return on total capital stood at 12.54% as of December 31, 2024. Overall, the company has demonstrated the ability to generate a reasonable return on the total capital employed in its operations, although it may be important to monitor the ratio closely for any potential signs of volatility or inconsistency in the future.