H B Fuller Company (FUL)
Return on total capital
| Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 361,746 | 355,138 | 331,986 | 328,621 | 325,985 | 322,717 | 308,137 | 279,636 | 261,263 | 252,614 | 250,874 | 250,152 | 237,914 | 218,317 | 197,083 | 205,058 | 220,535 | 225,994 | 237,795 | 238,380 |
| Long-term debt | US$ in thousands | 1,829,250 | 1,836,590 | 1,872,470 | 1,852,040 | 1,845,280 | 1,736,260 | 1,885,040 | 1,903,980 | 1,888,260 | 1,591,480 | 1,636,690 | 1,685,550 | 1,741,890 | 1,756,980 | 1,847,840 | 1,908,340 | 1,904,900 | 1,898,380 | 2,080,340 | 2,148,650 |
| Total stockholders’ equity | US$ in thousands | 1,767,520 | 1,755,200 | 1,726,440 | 1,682,490 | 1,633,470 | 1,610,170 | 1,578,090 | 1,614,150 | 1,645,250 | 1,596,770 | 1,567,290 | 1,562,630 | 1,441,620 | 1,381,320 | 1,313,390 | 1,218,370 | 1,221,600 | 1,222,350 | 1,175,600 | 1,162,580 |
| Return on total capital | 10.06% | 9.89% | 9.22% | 9.30% | 9.37% | 9.64% | 8.90% | 7.95% | 7.39% | 7.92% | 7.83% | 7.70% | 7.47% | 6.96% | 6.23% | 6.56% | 7.05% | 7.24% | 7.30% | 7.20% |
March 2, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $361,746K ÷ ($1,829,250K + $1,767,520K)
= 10.06%
The return on total capital for H B Fuller Company has shown some variability over the past several quarters. The return on total capital ranged from a low of 6.23% in August 29, 2020, to a high of 10.06% in March 2, 2024.
Overall, the return on total capital has generally been on an upward trend since August 29, 2020, with some fluctuations along the way. The company's ability to generate returns on its total capital has improved, indicating more efficient utilization of capital to generate profits.
It is important to note that return on total capital is a key metric that reflects the company's efficiency in generating profits from the total capital employed in its operations. The upward trend in this ratio indicates improvements in the company's operational efficiency and profitability.