Capri Holdings Ltd (CPRI)
Return on total capital
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -241,000 | 262,000 | 376,000 | 528,000 | 679,000 | 838,000 | 933,000 | 876,000 | 903,000 | 645,000 | 481,000 | 439,000 | 19,000 | -378,000 | -340,000 | -418,000 | -192,000 | 384,000 | 469,000 | 584,000 |
| Long-term debt | US$ in thousands | 1,261,000 | 1,383,000 | 2,079,000 | 1,924,000 | 1,822,000 | 1,521,000 | 1,585,000 | 1,382,000 | 1,131,000 | 976,000 | 1,104,000 | 1,206,000 | 1,219,000 | 1,243,000 | 1,581,000 | 1,577,000 | 2,012,000 | 1,085,000 | 1,796,000 | 1,917,000 |
| Total stockholders’ equity | US$ in thousands | 1,599,000 | 1,934,000 | 1,911,000 | 1,811,000 | 1,848,000 | 2,223,000 | 2,143,000 | 2,377,000 | 2,559,000 | 2,776,000 | 2,602,000 | 2,452,000 | 2,158,000 | 2,356,000 | 2,199,000 | 2,006,000 | 2,167,000 | 2,609,000 | 2,405,000 | 2,321,000 |
| Return on total capital | -8.43% | 7.90% | 9.42% | 14.14% | 18.50% | 22.38% | 25.03% | 23.30% | 24.47% | 17.19% | 12.98% | 12.00% | 0.56% | -10.50% | -8.99% | -11.67% | -4.59% | 10.40% | 11.16% | 13.78% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-241,000K ÷ ($1,261,000K + $1,599,000K)
= -8.43%
The return on total capital for Capri Holdings Ltd has exhibited fluctuations over the past several quarters. In the latest period ending March 31, 2024, the return on total capital was -8.43%, indicating a negative performance. However, in the preceding quarter, the return improved significantly to 7.90%. Prior to that, in September 2023, the return on total capital was at its peak at 25.03%.
Overall, the return on total capital has shown a mix of positive and negative trends, with some quarters performing well above 20%, while others experiencing negative returns. These fluctuations suggest that Capri Holdings Ltd may be facing varying levels of profitability and efficiency in its capital deployment strategies over the analyzed period.
Peer comparison
Mar 31, 2024