Crocs Inc (CROX)
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 | 1,037,623 | 1,052,690 | 1,043,795 | 970,757 | 854,666 | 791,072 | 731,577 | 679,588 | 685,496 | 588,292 | 455,656 | 317,242 | 213,721 | 157,262 | 126,278 | 116,511 | 127,958 | 106,413 | 80,521 | 70,933 |
| Long-term debt | US$ in thousands | 1,641,000 | 1,918,670 | 2,007,480 | 2,250,290 | 2,298,030 | 2,595,770 | 2,743,510 | 2,851,260 | 771,390 | 685,955 | 386,383 | 341,103 | 180,000 | 135,000 | 275,000 | 350,000 | 205,000 | 185,000 | 215,000 | 215,000 |
| Total stockholders’ equity | US$ in thousands | 1,453,920 | 1,200,260 | 1,189,690 | 968,500 | 817,931 | 630,802 | 491,965 | 349,170 | 14,082 | 352,831 | 358,764 | 326,231 | 290,633 | 227,987 | 156,884 | 94,029 | 131,905 | 117,524 | 111,936 | 122,945 |
| Return on total capital | 33.53% | 33.75% | 32.65% | 30.16% | 27.43% | 24.52% | 22.61% | 21.23% | 87.27% | 56.63% | 61.15% | 47.54% | 45.41% | 43.32% | 29.24% | 26.24% | 37.98% | 35.18% | 24.63% | 20.99% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,037,623K ÷ ($1,641,000K + $1,453,920K)
= 33.53%
Crocs Inc's return on total capital has been steadily increasing over the past eight quarters, reaching 33.55% in Q4 2023. This indicates that the company is generating a significant return on the total capital invested in its operations. The consistent improvement in this ratio reflects the company's efficiency in utilizing its capital to generate profits. Crocs Inc's ability to maintain a high return on total capital suggests that it is effectively managing its assets and liabilities to drive profitability and create value for its shareholders. Overall, the trend in Crocs Inc's return on total capital demonstrates a positive financial performance and efficient use of capital resources.
Peer comparison
Dec 31, 2023