Fox Factory Holding Corp (FOXF)
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 | 56,114 | -2,891 | 20,094 | 54,126 | 99,941 | 205,495 | 230,055 | 247,746 | 245,519 | 233,311 | 210,869 | 193,034 | 185,468 | 183,872 | 189,530 | 156,178 | 122,786 | 109,612 | 94,990 | 105,121 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,201,180 | 1,197,060 | 1,196,380 | 1,192,490 | 1,221,760 | 1,241,300 | 1,205,800 | 1,164,250 | 1,121,390 | 1,055,130 | 1,001,930 | 949,084 | 894,082 | 850,040 | 804,369 | 762,291 | 719,171 | 683,927 | 633,064 | 429,706 |
| Return on total capital | 4.67% | -0.24% | 1.68% | 4.54% | 8.18% | 16.55% | 19.08% | 21.28% | 21.89% | 22.11% | 21.05% | 20.34% | 20.74% | 21.63% | 23.56% | 20.49% | 17.07% | 16.03% | 15.00% | 24.46% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $56,114K ÷ ($—K + $1,201,180K)
= 4.67%
Fox Factory Holding Corp's return on total capital has experienced fluctuations over the past few years, ranging from a high of 24.46% in March 2020 to a low of -0.24% in September 2024. The return on total capital gradually increased from 2020 to early 2023, reaching a peak of 22.11% in September 2022. However, there was a significant decline in the later part of 2023 and into 2024, with the return on total capital dropping to 1.68% by June 2024.
It is important to note that the return on total capital is a key metric for assessing how efficiently the company is generating profits from its total capital employed. The downward trend in the return on total capital towards the end of the period could indicate potential challenges in generating sufficient returns on the company's capital investments. Further analysis and examination of the company's operations and financial health would be necessary to determine the factors contributing to these fluctuations and to assess the overall performance of Fox Factory Holding Corp in utilizing its total capital effectively.
Peer comparison
Dec 31, 2024