The Hain Celestial Group Inc (HAIN)

Return on total capital

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Earnings before interest and tax (EBIT)	US$ in thousands	-18,948	-85,620	104,681	107,380	56,042
Long-term debt	US$ in thousands	—	821,181	880,938	230,492	281,118
Total stockholders’ equity	US$ in thousands	942,913	1,017,910	1,083,170	1,522,880	1,443,550
Return on total capital		-2.01%	-4.66%	5.33%	6.12%	3.25%

June 30, 2024 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $-18,948K ÷ ($—K + $942,913K)
= -2.01%

The return on total capital for The Hain Celestial Group Inc has exhibited fluctuating performance over the past five years. In the most recent period ending June 30, 2024, the company reported a negative return on total capital of -2.01%, marking a slight improvement from the previous year's figure of -4.66%.

Comparing the latest results to the three preceding years, we observe a declining trend in return on total capital. This decrease is evident when compared to the positive figures reported in the earlier years, such as 5.33% in 2022, 6.12% in 2021, and 3.25% in 2020.

The negative return on total capital in the most recent year suggests that the company may not be generating sufficient returns from its overall capital investments to cover both the cost of debt and equity. Further analysis of the underlying factors driving this trend would be essential to determine the strategic actions needed to improve the company's performance in utilizing its total capital effectively.