Exponent Inc (EXPO)
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 | 111,322 | 114,963 | 117,843 | 133,245 | 140,842 | 142,185 | 137,491 | 121,586 | 108,927 | 103,283 | 91,571 | 71,319 | 83,249 | 86,865 | 89,642 | 105,345 | 85,111 | 90,547 | 87,957 | 85,612 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 356,085 | 353,635 | 357,079 | 341,856 | 320,752 | 319,800 | 337,494 | 386,564 | 417,065 | 404,989 | 387,767 | 377,608 | 361,498 | 343,197 | 332,567 | 323,497 | 350,251 | 357,279 | 343,852 | 329,177 |
| Return on total capital | 31.26% | 32.51% | 33.00% | 38.98% | 43.91% | 44.46% | 40.74% | 31.45% | 26.12% | 25.50% | 23.61% | 18.89% | 23.03% | 25.31% | 26.95% | 32.56% | 24.30% | 25.34% | 25.58% | 26.01% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $111,322K ÷ ($—K + $356,085K)
= 31.26%
Exponent Inc's return on total capital has exhibited fluctuating trends over the past five years. Between March 2019 and March 2020, the return on total capital remained relatively stable, ranging from 24.30% to 26.01%. However, there was a notable increase in returns from March 2020 to March 2021, reaching a peak of 38.98%. Subsequently, the return on total capital decreased gradually but still remained at a relatively high level, hovering around 25%-30% from March 2021 to September 2022.
In the most recent quarters, specifically from December 2022 to December 2023, Exponent Inc's return on total capital experienced a significant upward trend, surpassing 30% and reaching a peak of 44.46% in September 2022. This indicates that the company has been effectively utilizing its total capital to generate returns for its stakeholders.
Overall, the trend in Exponent Inc's return on total capital demonstrates a strong performance in effectively leveraging its capital to generate profits during the observed period.
Peer comparison
Dec 31, 2023