Crocs Inc (CROX)

Return on total capital

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	1,037,620	854,666	685,496	213,721	127,958
Long-term debt	US$ in thousands	1,641,000	2,298,030	771,390	180,000	205,000
Total stockholders’ equity	US$ in thousands	1,453,920	817,931	14,082	290,633	131,905
Return on total capital		33.53%	27.43%	87.27%	45.41%	37.98%

December 31, 2023 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,037,620K ÷ ($1,641,000K + $1,453,920K)
= 33.53%

Crocs Inc's return on total capital has fluctuated over the past five years. The return on total capital was highest in 2021 at 86.96% and lowest in 2022 at 27.09%. In 2023, the return on total capital improved to 33.55%. This indicates that the company's ability to generate profit from its total capital invested has varied significantly. It is important for investors and stakeholders to closely monitor this metric to assess the efficiency and profitability of Crocs Inc's capital utilization over time.

Peer comparison

Dec 31, 2023

Company name

Symbol

Return on total capital

Crocs Inc

CROX

33.53%

Deckers Outdoor Corporation