Exponent Inc (EXPO)
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 | 111,322 | 140,842 | 108,927 | 83,249 | 85,111 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 356,085 | 320,752 | 417,065 | 361,498 | 350,251 |
| Return on total capital | 31.26% | 43.91% | 26.12% | 23.03% | 24.30% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $111,322K ÷ ($—K + $356,085K)
= 31.26%
Exponent Inc's return on total capital has shown variability over the past five years. In 2023, the return on total capital was 31.26%, a decrease from 43.91% in 2022. Despite this decrease, the return on total capital in 2023 remains relatively high compared to the levels in 2020 and 2019, which were 23.03% and 24.30% respectively. The company experienced a significant increase in return on total capital in 2022 compared to 2021, where it stood at 26.12%. Overall, Exponent Inc has demonstrated a generally strong performance in generating returns from its total capital over the past five years, although there has been some fluctuation in the ratios.
Peer comparison
Dec 31, 2023