Eagle Materials Inc (EXP)
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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 660,194 | 682,103 | 665,232 | 647,943 | 623,764 | 586,669 | 564,306 | 520,785 | 505,967 | 497,676 | 474,611 | 459,418 | 473,810 | 442,516 | 235,678 | 212,521 | 133,145 | -38,035 | 136,183 | 129,560 |
| Long-term debt | US$ in thousands | 1,083,300 | 1,022,480 | 1,079,660 | 1,141,850 | 1,079,030 | 1,054,220 | 1,126,400 | 1,119,580 | 938,265 | 837,949 | 812,632 | 1,009,040 | 1,008,620 | 1,008,340 | 1,252,720 | 1,492,090 | 1,567,320 | 930,594 | 930,426 | 840,259 |
| Total stockholders’ equity | US$ in thousands | 1,308,540 | 1,333,160 | 1,306,630 | 1,238,410 | 1,185,690 | 1,165,510 | 1,156,700 | 1,123,780 | 1,133,560 | 1,222,250 | 1,307,310 | 1,391,330 | 1,358,990 | 1,261,180 | 1,168,030 | 1,067,960 | 967,843 | 897,327 | 1,010,760 | 1,055,270 |
| Return on total capital | 27.60% | 28.96% | 27.88% | 27.22% | 27.54% | 26.43% | 24.72% | 23.21% | 24.42% | 24.16% | 22.39% | 19.14% | 20.01% | 19.50% | 9.74% | 8.30% | 5.25% | -2.08% | 7.02% | 6.84% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $660,194K ÷ ($1,083,300K + $1,308,540K)
= 27.60%
Eagle Materials Inc's return on total capital has shown a generally positive trend over the past few quarters. The ratio has consistently been above 20% since Mar 31, 2021, indicating that the company has been efficiently utilizing its total capital to generate profits.
The highest returns were achieved in Dec 31, 2023 (28.96%) and Mar 31, 2024 (27.60%), showcasing strong performance during these periods. Conversely, the lowest returns were reported in Dec 31, 2019 (-2.08%) and Jun 30, 2020 (5.25%), which may suggest operational challenges or inefficiencies during those quarters.
Overall, the upward trajectory of Eagle Materials Inc's return on total capital highlights the company's ability to effectively deploy its capital resources to drive profitability and create value for its stakeholders.