H2O America (HTO)
Return on total capital
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 185,860 | 181,107 | 174,327 | 170,333 | 169,764 | 160,221 | 157,087 | 173,317 | 155,237 | 150,233 | 140,386 | 121,060 | 117,296 | 126,891 | 123,517 | 115,659 | 123,821 | 123,170 | 124,150 | 103,964 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,465,970 | 1,397,340 | 1,366,970 | 1,333,800 | 1,274,610 | 1,240,250 | 1,233,400 | 1,220,250 | 1,182,720 | 1,152,480 | 1,110,870 | 1,049,350 | 1,029,840 | 1,028,420 | 1,034,520 | 1,000,710 | 989,679 | 978,296 | 917,160 | 913,061 |
| Return on total capital | 12.68% | 12.96% | 12.75% | 12.77% | 13.32% | 12.92% | 12.74% | 14.20% | 13.13% | 13.04% | 12.64% | 11.54% | 11.39% | 12.34% | 11.94% | 11.56% | 12.51% | 12.59% | 13.54% | 11.39% |
June 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $185,860K ÷ ($—K + $1,465,970K)
= 12.68%
The analysis of H2O America's return on total capital over the period from September 2020 to June 2025 reveals a generally stable performance with modest fluctuations. Starting at 11.39% as of September 30, 2020, the metric increased gradually, reaching a peak of 14.20% on September 30, 2023. This upward trend suggests an improvement in the company's efficiency at generating profit from its total capital base over this period.
Notably, the data indicates intermittent fluctuations; for example, after peaking in September 2023, the return decreased to 12.74% by December 2023 and then remained relatively stable, fluctuating minimally around 12.75% to 13.32% until June 2025. The lowest recorded point within this timeframe was 11.39%, observed again on June 30, 2022.
Overall, the trend demonstrates a gradual enhancement in the company's capacity to leverage its total capital for profitability, with recent figures approaching and slightly exceeding earlier levels, suggesting a steady performance and potential improvement in operational efficiency or capital management strategies. The period reflects a relatively balanced profit-generation efficiency, indicating effective utilization of total capital with some positive momentum observed toward the latter part of the analyzed timeline.
Peer comparison
Jun 30, 2025