HNI Corp (HNI)

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	90,300	82,600	107,700	141,200	155,200	144,100	88,400	83,200	85,400	105,024	117,586	107,728	61,400	93,637	115,531	124,218	151,981	131,740	124,790	128,411
Long-term debt	US$ in thousands	428,300	493,200	597,100	206,300	188,800	199,700	308,700	240,929	174,600	174,587	174,566	174,545	174,524	174,502	183,481	228,460	174,439	239,418	285,397	295,876
Total stockholders’ equity	US$ in thousands	761,400	740,800	715,000	612,800	616,500	606,100	561,700	581,718	589,600	629,384	634,460	617,436	590,419	573,269	552,747	551,332	584,044	560,022	529,184	544,927
Return on total capital		7.59%	6.69%	8.21%	17.24%	19.27%	17.88%	10.16%	10.11%	11.18%	13.06%	14.53%	13.60%	8.03%	12.52%	15.69%	15.93%	20.04%	16.48%	15.32%	15.27%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $90,300K ÷ ($428,300K + $761,400K)
= 7.59%

The return on total capital for HNI Corp has shown some fluctuations over the 20 periods provided. The ratio indicates the company's ability to generate profits from the total capital employed in its operations.

The return on total capital ranged from a low of 6.69% to a high of 20.04% during the period under review. It peaked in the fourth quarter of 2019 and again in the first quarter of 2020, indicating strong performance during those periods. However, there were some dips in the ratio in the interim periods, with the lowest being in the third quarter of 2020.

Overall, the return on total capital for HNI Corp has showcased variability but generally remained above 10% for most periods, suggesting that the company has been relatively efficient in generating returns from its total capital base. Further analysis and comparison with industry benchmarks or historical data may provide more insights into the company's financial performance and efficiency in capital utilization.