Floor & Decor Holdings Inc (FND)
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 | 321,428 | 369,983 | 386,868 | 398,304 | 396,760 | 363,128 | 344,868 | 337,015 | 338,992 | 345,917 | 341,322 | 264,869 | 215,594 | 189,704 | 142,302 | 166,093 | 159,181 | 140,370 | 143,207 | 134,557 |
| Long-term debt | US$ in thousands | 194,939 | 195,042 | 230,145 | 301,748 | 405,551 | 371,854 | 264,157 | 195,660 | 195,762 | 195,865 | 195,443 | 195,546 | 207,157 | 206,793 | 206,977 | 413,326 | 142,606 | 143,288 | 140,470 | 141,152 |
| Total stockholders’ equity | US$ in thousands | 1,930,990 | 1,885,480 | 1,809,780 | 1,728,420 | 1,657,180 | 1,582,620 | 1,494,290 | 1,402,420 | 1,323,200 | 1,264,910 | 1,179,600 | 1,080,720 | 997,388 | 931,505 | 850,496 | 809,289 | 764,336 | 723,040 | 670,888 | 619,961 |
| Return on total capital | 15.12% | 17.78% | 18.96% | 19.62% | 19.23% | 18.58% | 19.61% | 21.09% | 22.32% | 23.68% | 24.82% | 20.75% | 17.90% | 16.67% | 13.46% | 13.59% | 17.55% | 16.20% | 17.65% | 17.68% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $321,428K ÷ ($194,939K + $1,930,990K)
= 15.12%
Floor & Decor Holdings Inc has demonstrated a consistent trend of return on total capital over the past several quarters. The return on total capital has generally been increasing, indicating that the company has been effectively utilizing its capital to generate profits. The most recent return on total capital of 15.12% suggests that for every dollar of total capital invested, the company generated a return of 15.12 cents. This indicates efficient capital deployment and a positive performance in terms of profitability. It is worth noting that the return on total capital peaked at 24.82% in the second quarter of 2021, reflecting a particularly strong performance in capital efficiency during that period. Overall, the upward trend in return on total capital demonstrates Floor & Decor Holdings Inc's ability to generate increasing returns from its invested capital over time.
Peer comparison
Dec 31, 2023