Carlisle Companies Incorporated (CSL)
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 | 982,800 | 1,275,700 | 567,500 | 487,800 | 634,100 |
| Long-term debt | US$ in thousands | 1,886,700 | 2,281,100 | 2,575,400 | 2,080,200 | 1,341,400 |
| Total stockholders’ equity | US$ in thousands | 2,829,000 | 3,024,400 | 2,629,500 | 2,537,700 | 2,642,800 |
| Return on total capital | 20.84% | 24.04% | 10.90% | 10.56% | 15.92% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $982,800K ÷ ($1,886,700K + $2,829,000K)
= 20.84%
The return on total capital for Carlisle Companies Inc. has fluctuated over the past five years. In 2023, the return on total capital was 19.15%, which was lower than the previous year's 23.10%. However, it was higher compared to the returns for 2021, 2020, and 2019, which were 10.20%, 10.52%, and 15.20%, respectively.
The decreasing trend from 2022 to 2023 may indicate a potential decline in the company's efficiency in generating returns from its investment in both equity and debt. However, the return on total capital in 2023 still remained at a relatively high level compared to the earlier years.
Further analysis is needed to understand the factors contributing to the fluctuations in return on total capital and to assess the company's overall financial performance and capital management strategies.
Peer comparison
Dec 31, 2023