Enersys (ENS)
Return on total capital
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 342,139 | 270,168 | 211,716 | 208,571 | 190,610 |
| Long-term debt | US$ in thousands | 801,965 | 1,041,990 | 1,243,000 | 969,618 | 1,104,730 |
| Total stockholders’ equity | US$ in thousands | 1,753,640 | 1,600,280 | 1,489,370 | 1,539,760 | 1,300,520 |
| Return on total capital | 13.39% | 10.22% | 7.75% | 8.31% | 7.92% |
March 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $342,139K ÷ ($801,965K + $1,753,640K)
= 13.39%
Enersys' return on total capital has shown a positive trend over the past five years, with a consistent increase from 7.92% in 2020 to 13.39% in 2024. This indicates that the company has been able to generate a higher return relative to the total capital employed in its operations, reflecting improved efficiency and profitability. The steady improvement in return on total capital suggests effective management of resources and strategic decision-making by the company's leadership. Overall, Enersys' increasing return on total capital over the years signifies a positive financial performance and a potential sign of sustainable growth.
Peer comparison
Mar 31, 2024