Diodes Incorporated (DIOD)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 51,974 | 67,569 | 104,751 | 182,337 | 264,986 | 334,283 | 390,289 | 407,065 | 409,398 | 421,671 | 386,472 | 345,591 | 299,923 | 230,295 | 190,903 | 156,415 | 134,977 | 156,105 | 166,965 | 185,212 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,795,300 | 1,811,580 | 1,774,360 | 1,748,590 | 1,740,740 | 1,689,660 | 1,662,480 | 1,595,460 | 1,513,640 | 1,395,920 | 1,353,320 | 1,297,500 | 1,237,240 | 1,156,060 | 1,082,580 | 1,002,570 | 963,820 | 1,198,570 | 1,143,380 | 1,125,030 |
| Return on total capital | 2.90% | 3.73% | 5.90% | 10.43% | 15.22% | 19.78% | 23.48% | 25.51% | 27.05% | 30.21% | 28.56% | 26.64% | 24.24% | 19.92% | 17.63% | 15.60% | 14.00% | 13.02% | 14.60% | 16.46% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $51,974K ÷ ($—K + $1,795,300K)
= 2.90%
Diodes Incorporated's return on total capital has shown a fluctuating trend over the analyzed period. Starting at 16.46% on March 31, 2020, it decreased to 14.60% by June 30, 2020, and further declined to 13.02% by September 30, 2020. However, the trend reversed as the return on total capital began to improve, reaching 17.63% by June 30, 2021, and peaking at 30.21% by September 30, 2022.
Subsequently, the return on total capital experienced a downward trajectory, dropping to 15.22% by December 31, 2023, and further decreasing to 2.90% by December 31, 2024. This decline indicates potential challenges in generating profits relative to the capital employed during the latter periods under review.
Overall, the return on total capital for Diodes Incorporated has been volatile, and the company may need to focus on efficiently utilizing its capital and improving profitability to enhance this key financial metric in the future.
Peer comparison
Dec 31, 2024