Harley-Davidson Inc (HOG)
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 | 547,887 | 708,683 | 813,905 | 781,738 | 872,330 | 891,418 | 994,980 | 1,043,424 | 954,863 | 940,096 | 796,845 | 791,414 | 837,690 | 717,634 | 693,401 | 300,577 | 61,891 | 199,042 | 142,042 | 516,002 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,166,050 | 3,431,310 | 3,437,760 | 3,337,720 | 3,252,810 | 3,311,270 | 3,189,860 | 3,095,850 | 2,906,810 | 2,840,210 | 2,635,150 | 2,509,100 | 2,553,240 | 2,333,890 | 2,184,270 | 1,976,390 | 1,722,780 | 1,769,900 | 1,623,700 | 1,691,980 |
| Return on total capital | 17.31% | 20.65% | 23.68% | 23.42% | 26.82% | 26.92% | 31.19% | 33.70% | 32.85% | 33.10% | 30.24% | 31.54% | 32.81% | 30.75% | 31.75% | 15.21% | 3.59% | 11.25% | 8.75% | 30.50% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $547,887K ÷ ($—K + $3,166,050K)
= 17.31%
The return on total capital for Harley-Davidson Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The return on total capital was strong in the earlier periods, reaching a peak of 33.70% in March 31, 2023. However, there was a decline in this ratio in subsequent periods, dropping to 17.31% by December 31, 2024.
Overall, the return on total capital ranged from a high of 33.70% to a low of 17.31% during the period under review. This ratio provides insights into how effectively the company is generating profits from its total invested capital. The trend in this ratio indicates the company's ability to utilize its capital efficiently to generate returns for its investors and stakeholders.
Peer comparison
Dec 31, 2024