Dorman Products Inc (DORM)
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 | 216,564 | 171,783 | 171,928 | 136,335 | 106,038 |
| Long-term debt | US$ in thousands | 467,239 | 482,464 | 0 | — | — |
| Total stockholders’ equity | US$ in thousands | 1,168,200 | 1,042,630 | 932,736 | 853,559 | 773,584 |
| Return on total capital | 13.24% | 11.26% | 18.43% | 15.97% | 13.71% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $216,564K ÷ ($467,239K + $1,168,200K)
= 13.24%
Dorman Products Inc's return on total capital has exhibited some fluctuations over the past five years. The return on total capital was 12.32% as of December 31, 2023, showing an improvement compared to the previous year's 9.63%. However, it was lower than the 14.64% reported as of December 25, 2021. Furthermore, the return on total capital has decreased compared to the levels seen in 2020 and 2019, which were 15.63% and 13.68%, respectively. This indicates some variability in the company's ability to generate returns on the total capital employed in its operations. Additional analysis of the company's financial performance and operational efficiency may be necessary to further understand the factors influencing these fluctuations.
Peer comparison
Dec 31, 2023