F5 Networks Inc (FFIV)

Return on total capital

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	658,591	639,307	579,786	545,872	472,568	408,357	412,252	380,853	403,792	422,626	411,574	390,428	394,025	366,274	357,483	387,680	392,267	408,368	423,487	482,582
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	0	0	0	344,954	349,772	354,591	359,410	364,229	369,047	373,866	378,685	—
Total stockholders’ equity	US$ in thousands	3,129,380	3,010,740	2,933,270	2,860,980	2,800,230	2,657,500	2,725,560	2,582,350	2,468,980	2,322,980	2,397,130	2,405,360	2,360,210	2,192,170	2,007,820	2,401,590	2,232,270	2,153,900	1,998,190	1,929,460
Return on total capital		21.05%	21.23%	19.77%	19.08%	16.88%	15.37%	15.13%	14.75%	16.35%	18.19%	17.17%	14.20%	14.54%	14.38%	15.10%	14.02%	15.08%	16.16%	17.82%	25.01%

September 30, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $658,591K ÷ ($—K + $3,129,380K)
= 21.05%

The return on total capital for F5 Networks Inc has shown a generally positive trend over the periods displayed, with fluctuations observed. The return on total capital ranged from 14.02% to 21.23% during the period covered. The company demonstrated improved performance in the most recent quarters, achieving returns above 20%. This indicates that F5 Networks Inc is efficiently utilizing its total capital to generate profits for its shareholders. Overall, the company's return on total capital reflects a consistent and favorable performance over the analyzed periods.