Enersys (ENS)
Return on total capital
| 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 | Jul 5, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 342,139 | 355,535 | 340,509 | 310,589 | 270,168 | 227,667 | 204,895 | 198,676 | 211,716 | 215,768 | 216,400 | 218,209 | 208,571 | 175,194 | 165,674 | 172,880 | 190,610 | 206,221 | 212,340 | 218,488 |
| Long-term debt | US$ in thousands | 801,965 | 880,833 | 949,934 | 907,768 | 1,041,990 | 1,105,120 | 1,295,830 | 1,376,690 | 1,243,000 | 1,191,470 | 1,075,990 | 1,020,420 | 969,618 | 1,054,190 | 1,039,210 | 1,080,510 | 1,104,730 | 1,088,250 | 1,117,820 | 978,632 |
| Total stockholders’ equity | US$ in thousands | 1,753,640 | 1,726,530 | 1,659,990 | 1,679,770 | 1,600,280 | 1,527,760 | 1,410,940 | 1,435,080 | 1,489,370 | 1,504,120 | 1,570,020 | 1,563,600 | 1,539,760 | 1,527,560 | 1,431,390 | 1,361,630 | 1,300,520 | 1,366,100 | 1,315,480 | 1,292,930 |
| Return on total capital | 13.39% | 13.64% | 13.05% | 12.00% | 10.22% | 8.65% | 7.57% | 7.07% | 7.75% | 8.00% | 8.18% | 8.44% | 8.31% | 6.79% | 6.71% | 7.08% | 7.92% | 8.40% | 8.73% | 9.62% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $342,139K ÷ ($801,965K + $1,753,640K)
= 13.39%
Enersys has shown a consistent improvement in its return on total capital over the past quarters. The return on total capital has increased from 9.62% in June 2019 to 13.39% in March 2024. This indicates that the company has been effectively utilizing its capital to generate returns for its investors and stakeholders.
The upward trend in return on total capital suggests that Enersys has been able to enhance its operational efficiency and profitability over the periods analyzed. Investors may view this as a positive sign of the company's ability to generate value from its capital investments.
Overall, the improving trend in return on total capital indicates that Enersys is making sound financial decisions and executing strategies effectively to maximize its returns on capital.
Peer comparison
Mar 31, 2024