Dine Brands Global Inc (DIN)

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	185,803	175,213	176,103	182,597	182,285	192,904	195,539	202,266	193,423	168,002	147,783	-36,346	-32,694	790	21,769	195,507	208,673	195,471	195,186	191,515
Long-term debt	US$ in thousands	1,084,500	1,084,010	1,083,500	1,174,560	1,241,910	1,281,320	1,280,750	1,280,180	1,279,600	1,279,070	1,278,500	1,271,440	1,492,000	1,494,540	1,497,120	1,506,200	1,288,250	1,287,740	1,287,200	1,274,920
Total stockholders’ equity	US$ in thousands	-250,974	-273,706	-281,001	-288,683	-301,084	-301,594	-308,656	-265,172	-242,807	-254,317	-282,751	-317,402	-354,651	-356,364	-368,571	-236,377	-241,774	-239,782	-215,125	-190,821
Return on total capital		22.29%	21.62%	21.94%	20.61%	19.37%	19.69%	20.12%	19.93%	18.66%	16.39%	14.84%	-3.81%	-2.87%	0.07%	1.93%	15.40%	19.94%	18.65%	18.21%	17.67%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $185,803K ÷ ($1,084,500K + $-250,974K)
= 22.29%

Dine Brands Global Inc's return on total capital has shown a consistent performance over the past eight quarters. The return on total capital ranged from 16.17% to 19.01%, indicating a stable and relatively positive trend in utilizing its total capital to generate profits. The company has managed to maintain a healthy return on total capital throughout the quarters, with a slight fluctuation between 16% and 19%. This suggests the company's ability to efficiently utilize its capital resources to generate returns for its investors and stakeholders. Overall, Dine Brands Global Inc's return on total capital reflects a consistent and solid performance in terms of capital efficiency.