FormFactor Inc (FORM)
Return on total capital
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 101,997 | 140,616 | 123,826 | 102,918 | 78,030 | -19,409 | -14,697 | 24,026 | 46,298 | 93,992 | 111,647 | 98,415 | 99,025 | 88,298 | 87,451 | 89,988 | 86,039 | 90,582 | 78,282 | 65,240 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 947,768 | 955,010 | 947,916 | 923,750 | 908,804 | 840,688 | 834,263 | 824,372 | 808,285 | 808,302 | 829,985 | 846,673 | 815,780 | 786,390 | 769,547 | 766,533 | 744,084 | 714,142 | 690,722 | 666,417 |
| Return on total capital | 10.76% | 14.72% | 13.06% | 11.14% | 8.59% | -2.31% | -1.76% | 2.91% | 5.73% | 11.63% | 13.45% | 11.62% | 12.14% | 11.23% | 11.36% | 11.74% | 11.56% | 12.68% | 11.33% | 9.79% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $101,997K ÷ ($—K + $947,768K)
= 10.76%
FormFactor Inc's return on total capital has shown fluctuations over the periods presented in the data. The return on total capital started at 9.79% as of March 31, 2020, increasing to 12.68% by September 30, 2020. Subsequently, it fluctuated around the 11-12% range, with slight variations, until June 30, 2022, where it increased notably to 13.45%.
However, in the following periods, there was a decline in the return on total capital, reaching its lowest point of -2.31% as of September 30, 2023. This negative trend reversed in the subsequent periods, with the return on total capital gradually increasing to 14.72% by September 30, 2024.
Overall, FormFactor Inc's return on total capital seems to have experienced fluctuations during the period, with some periods showing significant improvements while others showing declines. It would be important for stakeholders to further investigate the factors driving these fluctuations to assess the company's efficiency in generating returns relative to its total capital employed.
Peer comparison
Dec 31, 2024