Darling Ingredients Inc (DAR)
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 | 949,726 | 1,040,124 | 1,130,086 | 1,052,014 | 1,029,068 | 990,880 | 928,212 | 917,858 | 884,470 | 747,796 | 669,588 | 507,618 | 430,936 | 649,859 | 582,263 | 550,099 | 475,821 | 256,272 | 211,969 | 174,599 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,605,430 | 4,380,710 | 4,368,230 | 4,032,530 | 3,809,020 | 3,580,110 | 3,493,470 | 3,425,280 | 3,280,960 | 3,205,520 | 3,118,580 | 2,966,600 | 2,891,910 | 2,773,920 | 2,633,360 | 2,543,560 | 2,565,820 | 2,308,490 | 2,342,910 | 2,290,540 |
| Return on total capital | 20.62% | 23.74% | 25.87% | 26.09% | 27.02% | 27.68% | 26.57% | 26.80% | 26.96% | 23.33% | 21.47% | 17.11% | 14.90% | 23.43% | 22.11% | 21.63% | 18.54% | 11.10% | 9.05% | 7.62% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $949,726K ÷ ($—K + $4,605,430K)
= 20.62%
Darling Ingredients Inc has demonstrated a fluctuation in its return on total capital over the reported periods. The return on total capital has ranged from a low of 7.62% in March 2019 to a high of 27.68% in September 2022. Overall, the return on total capital has shown a positive trend with occasional fluctuations. The company's ability to generate returns on the total capital invested has improved gradually over time, reflecting positively on its operational efficiency and financial performance.
Peer comparison
Dec 31, 2023
Company name
Symbol
Return on total capital
Darling Ingredients Inc
DAR
20.62%
Archer-Daniels-Midland Company
ADM
10.33%