Fortune Brands Innovations Inc. (FBIN)
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 | 614,800 | 663,200 | 659,400 | 726,300 | 774,300 | 786,200 | 881,400 | 958,100 | 1,023,400 | 1,001,300 | 952,100 | 831,700 | 747,700 | 737,000 | 666,500 | 694,200 | 670,100 | 649,200 | 637,600 | 626,000 |
| Long-term debt | US$ in thousands | 2,670,100 | 2,829,300 | 2,668,500 | 2,074,900 | 2,074,300 | 2,786,900 | 3,357,900 | 3,367,900 | 2,309,800 | 2,629,100 | 2,608,300 | 2,682,800 | 2,572,200 | 2,086,500 | 2,245,900 | 2,035,200 | 1,784,600 | 1,949,000 | 1,666,000 | 2,169,700 |
| Total stockholders’ equity | US$ in thousands | 2,293,400 | 2,219,000 | 2,177,100 | 2,082,500 | 2,086,900 | 3,030,100 | 2,952,400 | 2,914,800 | 3,064,800 | 3,054,600 | 3,043,500 | 2,924,400 | 2,775,500 | 2,628,600 | 2,461,800 | 2,357,000 | 2,426,600 | 2,335,400 | 2,343,500 | 2,245,500 |
| Return on total capital | 12.39% | 13.14% | 13.61% | 17.47% | 18.61% | 13.52% | 13.97% | 15.25% | 19.04% | 17.62% | 16.85% | 14.83% | 13.98% | 15.63% | 14.16% | 15.81% | 15.91% | 15.15% | 15.90% | 14.18% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $614,800K ÷ ($2,670,100K + $2,293,400K)
= 12.39%
Fortune Brands Innovations Inc. has demonstrated fluctuations in its return on total capital over the past few quarters. The return on total capital ranged from 12.39% to 19.04% over the last year. The trend shows some variability, with higher returns in the first quarter of 2023 and December 2022, reaching 17.47% and 18.61%, respectively. The returns in the following quarters remained relatively strong, with values above 13% consistently.
Overall, the return on total capital has shown a generally positive trend, indicating that the company has been utilizing its capital efficiently to generate profits. However, it will be important to monitor future quarters to assess the sustainability of these returns and whether the company can maintain or improve upon its current performance.
Peer comparison
Dec 31, 2023