Energizer Holdings Inc (ENR)
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 | 289,300 | 344,400 | -152,900 | -129,300 | -155,400 | -147,100 | 379,800 | 335,800 | 294,900 | 316,000 | 220,600 | 248,900 | 161,200 | 132,400 | 230,400 | 201,200 | 266,700 | 299,100 | 260,400 | 248,300 |
| Long-term debt | US$ in thousands | 3,303,300 | 3,332,100 | 3,377,000 | 3,414,600 | 3,506,600 | 3,499,400 | 3,544,600 | 3,592,600 | 3,318,300 | 3,333,400 | 3,355,600 | 3,352,200 | 3,345,000 | 3,306,900 | 3,252,500 | 3,010,600 | 3,383,600 | 3,461,600 | 3,493,200 | 3,557,100 |
| Total stockholders’ equity | US$ in thousands | 170,600 | 210,700 | 166,900 | 148,400 | 130,800 | 130,600 | 499,700 | 461,300 | 409,400 | 355,700 | 340,600 | 344,400 | 329,600 | 309,100 | 329,600 | 373,700 | 587,500 | 543,800 | 570,700 | 645,300 |
| Return on total capital | 8.33% | 9.72% | -4.31% | -3.63% | -4.27% | -4.05% | 9.39% | 8.28% | 7.91% | 8.57% | 5.97% | 6.73% | 4.39% | 3.66% | 6.43% | 5.95% | 6.72% | 7.47% | 6.41% | 5.91% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $289,300K ÷ ($3,303,300K + $170,600K)
= 8.33%
Energizer Holdings Inc's return on total capital has shown some fluctuations over the past 8 quarters. In Q1 2024, the return on total capital was 10.57%, which decreased slightly compared to the previous quarter (Q4 2023) at 11.23%. However, the Q1 2024 return on total capital was still higher than Q1 2023 at 10.67%. The Q2 and Q3 2023 saw improvements in return on total capital, reaching 11.49% and 11.13% respectively. The fourth quarter of 2022 also showed a strong performance with a return on total capital of 11.02%.
On the other hand, there were periods of lower return on total capital, such as Q3 2022 and Q2 2022, where the return on total capital was 9.24% and 8.99% respectively.
Overall, based on the data provided, Energizer Holdings Inc has been able to maintain a relatively stable level of return on total capital, with some fluctuations observed over the quarters analyzed.
Peer comparison
Dec 31, 2023