FTI Consulting Inc (FCN)
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 | 372,723 | 331,917 | 315,222 | 294,326 | 307,796 | 293,565 | 291,792 | 307,631 | 318,241 | 332,963 | 308,985 | 293,718 | 282,251 | 260,124 | 275,505 | 298,408 | 307,656 | 301,770 | 288,202 | 261,803 |
| Long-term debt | US$ in thousands | 0 | 285,000 | 340,548 | 360,583 | 315,172 | 314,756 | 314,337 | 328,936 | 297,158 | 319,355 | 391,581 | 458,840 | 286,131 | 308,454 | 315,808 | 328,193 | 275,609 | 273,055 | 290,531 | 268,037 |
| Total stockholders’ equity | US$ in thousands | 1,981,420 | 1,864,500 | 1,795,150 | 1,720,890 | 1,681,720 | 1,644,580 | 1,630,620 | 1,622,020 | 1,583,320 | 1,544,300 | 1,489,210 | 1,416,350 | 1,400,180 | 1,474,500 | 1,479,100 | 1,468,680 | 1,489,140 | 1,461,230 | 1,419,010 | 1,402,020 |
| Return on total capital | 18.81% | 15.44% | 14.76% | 14.14% | 15.41% | 14.98% | 15.00% | 15.77% | 16.92% | 17.87% | 16.43% | 15.66% | 16.74% | 14.59% | 15.35% | 16.61% | 17.43% | 17.40% | 16.86% | 15.68% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $372,723K ÷ ($0K + $1,981,420K)
= 18.81%
FTI Consulting Inc.'s return on total capital has displayed a relatively stable performance over the past eight quarters, ranging from 14.40% to 19.06%. The highest return was recorded in Q4 2023 at 19.06%, indicating the company's ability to efficiently generate profits from the total capital employed. Despite some fluctuations, the return on total capital has generally remained above 14%, reflecting consistent profitability and effective utilization of capital resources. This trend suggests that FTI Consulting Inc. has been successful in delivering value to its stakeholders and maintaining a strong financial position.
Peer comparison
Dec 31, 2023