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
16.70%