HP Inc (HPQ)
Return on total capital
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 3,818,000 | 3,841,000 | 3,853,000 | 3,648,000 | 3,456,000 | 3,183,000 | 3,487,000 | 3,997,000 | 4,559,000 | 5,113,000 | 5,238,000 | 5,343,000 | 5,359,000 | 5,056,000 | 4,454,000 | 3,918,000 | 3,462,000 | 3,414,000 | 3,714,000 | 3,816,000 |
| Long-term debt | US$ in thousands | 8,263,000 | 8,229,000 | 9,327,000 | 9,301,000 | 9,254,000 | 9,236,000 | 10,360,000 | 10,337,000 | 10,796,000 | 10,294,000 | 8,304,000 | 6,368,000 | 6,386,000 | 6,898,000 | 4,917,000 | 4,939,000 | 5,543,000 | 5,981,000 | 3,941,000 | 3,932,000 |
| Total stockholders’ equity | US$ in thousands | -1,323,000 | -1,392,000 | -916,000 | -1,640,000 | -1,069,000 | -2,245,000 | -2,593,000 | -3,827,000 | -3,025,000 | -2,376,000 | -1,960,000 | -2,328,000 | -1,644,000 | -3,942,000 | -3,360,000 | -3,235,000 | -2,275,000 | -1,986,000 | -743,000 | -1,634,000 |
| Return on total capital | 55.01% | 56.18% | 45.81% | 47.62% | 42.22% | 45.53% | 44.90% | 61.40% | 58.67% | 64.57% | 82.57% | 132.25% | 113.01% | 171.04% | 286.06% | 229.93% | 105.94% | 85.46% | 116.14% | 166.06% |
October 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $3,818,000K ÷ ($8,263,000K + $-1,323,000K)
= 55.01%
HP Inc's return on total capital has shown fluctuating performance over the past few quarters. The trend indicates variability, with a range of 45.81% to 286.06% over the past year. The return on total capital was higher in the earlier quarters of the time series, peaking at 286.06% in April 2021, before decreasing to 55.01% in October 2024. This suggests that the company may have experienced changes in its overall capital efficiency and profitability. Further analysis and comparison with industry benchmarks would be necessary to fully understand the implications of these fluctuations.
Peer comparison
Oct 31, 2024