Hologic Inc (HOLX)
Return on total capital
| Sep 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 987,200 | 674,600 | 737,300 | 787,200 | 781,000 | 1,012,300 | 1,302,800 | 1,683,200 | 1,949,000 | 2,037,000 | 2,241,800 | 2,454,700 | 2,663,400 | 2,500,100 | 1,848,500 | 1,118,200 | 388,300 | 341,900 | -127,200 | -117,000 |
| Long-term debt | US$ in thousands | 2,497,100 | 2,514,100 | 2,522,700 | 2,531,200 | 2,789,300 | 2,797,700 | 2,806,200 | 2,808,400 | 2,814,600 | 2,813,400 | 2,819,600 | 2,712,200 | 2,654,700 | 2,672,100 | 2,689,500 | 2,713,900 | 2,731,300 | 2,749,300 | 2,769,400 | 2,783,600 |
| Total stockholders’ equity | US$ in thousands | 5,130,000 | 4,844,400 | 4,653,800 | 5,016,900 | 5,182,000 | 5,300,800 | 5,092,500 | 4,876,200 | 4,997,900 | 4,792,700 | 4,519,100 | 4,218,600 | 3,877,100 | 3,794,400 | 3,267,900 | 2,705,200 | 2,255,100 | 2,086,100 | 2,250,800 | 2,115,700 |
| Return on total capital | 12.94% | 9.17% | 10.27% | 10.43% | 9.80% | 12.50% | 16.49% | 21.90% | 24.95% | 26.78% | 30.55% | 35.42% | 40.78% | 38.66% | 31.03% | 20.63% | 7.79% | 7.07% | -2.53% | -2.39% |
September 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $987,200K ÷ ($2,497,100K + $5,130,000K)
= 12.94%
Hologic Inc's return on total capital has exhibited fluctuations over the historical period analyzed. The return on total capital stood at 12.94% as of September 30, 2024, indicating a moderate return generated from the company's total capital employed. This return has increased since the March 2024 figure of 9.17%.
However, compared to previous periods, the return on total capital was higher in the prior periods, notably reaching 40.78% as of December 31, 2021, and 38.66% as of March 31, 2021. This suggests that the company has experienced varying levels of efficiency and effectiveness in generating returns from the total capital over the recent quarters.
It is worth noting that the return on total capital was negative in the last quarters of 2019, indicating that the company's capital utilization was not efficient during that time. The subsequent increase in the return on total capital since then indicates an improvement in capital management and profitability.
Overall, the trend in Hologic Inc's return on total capital reflects fluctuations over the periods analyzed, with the latest figure showing a moderate return compared to previous quarters. Further analysis of the company's financial performance and capital allocation strategies may provide insights into the factors driving these fluctuations.
Peer comparison
Sep 30, 2024