Fresh Del Monte Produce Inc (FDP)
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 | 30,800 | 172,100 | 196,400 | 162,800 | 143,200 | 98,200 | 54,900 | 80,200 | 102,400 | 117,600 | 145,500 | 116,000 | 75,600 | 55,000 | 54,600 | 80,400 | 113,300 | 107,600 | 66,800 | 17,900 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,896,300 | 2,030,300 | 2,029,400 | 1,940,400 | 1,904,700 | 1,887,800 | 1,861,400 | 1,852,900 | 1,802,300 | 1,810,400 | 1,824,900 | 1,787,800 | 1,728,000 | 1,718,100 | 1,695,200 | 1,686,500 | 1,719,200 | 1,741,000 | 1,743,400 | 1,724,500 |
| Return on total capital | 1.62% | 8.48% | 9.68% | 8.39% | 7.52% | 5.20% | 2.95% | 4.33% | 5.68% | 6.50% | 7.97% | 6.49% | 4.38% | 3.20% | 3.22% | 4.77% | 6.59% | 6.18% | 3.83% | 1.04% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $30,800K ÷ ($—K + $1,896,300K)
= 1.62%
Fresh Del Monte Produce Inc's return on total capital has shown variability over the past few quarters. The return on total capital ranged from a low of 1.04% in March 2019 to a high of 9.68% in June 2023. The company's return on total capital has generally been increasing over the past few quarters, indicating an improving ability to generate profits from the capital employed in its operations.
It is important for investors and stakeholders to monitor this ratio closely to assess the efficiency and profitability of the company's capital utilization. A rising trend in return on total capital signals that the company is effectively generating returns on the capital it has invested. Conversely, a declining trend may indicate inefficiencies in capital management or declining profitability.
Overall, Fresh Del Monte Produce Inc's return on total capital has shown positive momentum, suggesting a potentially strengthening financial performance and effective utilization of its capital resources.
Peer comparison
Dec 31, 2023