Corsair Gaming Inc (CRSR)
Return on total capital
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | -48,451 | 13,941 | -54,580 | 137,894 | 158,361 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 604,303 | 667,575 | 623,838 | 568,180 | 437,390 |
| Return on total capital | -8.02% | 2.09% | -8.75% | 24.27% | 36.21% |
December 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $-48,451K ÷ ($—K + $604,303K)
= -8.02%
Based on the provided data, the return on total capital for Corsair Gaming Inc has exhibited fluctuations over the years. In 2020, the return on total capital was at a robust 36.21%, indicating efficient utilization of both debt and equity to generate profits. However, by the end of 2021, this ratio decreased to 24.27%, reflecting a somewhat lower return relative to the previous year.
In 2022, there was a notable decline in the return on total capital to -8.75%, indicating that the company may have experienced challenges in generating profits from its total capital employed during that year. The situation improved slightly in 2023, with the return on total capital increasing to 2.09%, although it remained relatively low.
By the end of 2024, there was another decrease in the return on total capital to -8.02%, suggesting that Corsair Gaming Inc faced challenges in generating returns on the total capital deployed for that year, possibly due to operational inefficiencies or other factors impacting profitability.
Overall, the varying trends in the return on total capital for Corsair Gaming Inc highlight the fluctuations in the company's ability to generate profits relative to the total capital invested in its operations over the years. Further analysis would be necessary to understand the underlying factors driving these fluctuations and to determine potential areas for improvement in capital utilization efficiency.
Peer comparison
Dec 31, 2024