Henry Schein Inc (HSIC)
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 | 623,000 | 658,000 | 661,000 | 681,000 | 752,000 | 868,000 | 883,000 | 873,000 | 857,000 | 841,465 | 804,278 | 593,017 | 540,000 | 738,666 | 751,747 | 916,205 | 905,788 | 683,659 | 616,598 | 615,151 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,655,000 | 3,651,000 | 3,560,000 | 3,472,000 | 3,446,000 | 3,611,000 | 3,594,000 | 3,592,000 | 3,425,000 | 3,457,990 | 3,360,270 | 3,358,170 | 3,348,170 | 3,155,270 | 2,991,090 | 2,974,580 | 2,998,040 | 2,829,530 | 2,827,280 | 2,796,920 |
| Return on total capital | 17.05% | 18.02% | 18.57% | 19.61% | 21.82% | 24.04% | 24.57% | 24.30% | 25.02% | 24.33% | 23.93% | 17.66% | 16.13% | 23.41% | 25.13% | 30.80% | 30.21% | 24.16% | 21.81% | 21.99% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $623,000K ÷ ($—K + $3,655,000K)
= 17.05%
Henry Schein Inc's return on total capital has shown a fluctuating trend over the past few quarters. The company's return on total capital has ranged from a low of 16.13% in the fourth quarter of 2020 to a high of 30.80% in the first quarter of 2020. In the most recent quarter, the return on total capital stood at 17.05%.
The company's return on total capital has generally been above 20% in the past, indicating a strong ability to generate profits relative to the total capital employed. However, there was a dip in performance in the second and third quarters of 2021, where returns dropped to 17.66% and 16.13%, respectively.
Overall, Henry Schein Inc's return on total capital demonstrates variability in performance but remains relatively strong, suggesting efficient capital utilization to generate returns for its investors.
Peer comparison
Dec 31, 2023