MarineMax Inc (HZO)
Return on total capital
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 127,554 | 200,606 | 265,204 | 209,459 | 106,715 |
| Long-term debt | US$ in thousands | 355,906 | 389,231 | 45,301 | 47,498 | 7,343 |
| Total stockholders’ equity | US$ in thousands | 975,795 | 915,843 | 782,666 | 594,892 | 455,397 |
| Return on total capital | 9.58% | 15.37% | 32.03% | 32.61% | 23.06% |
September 30, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $127,554K ÷ ($355,906K + $975,795K)
= 9.58%
MarineMax Inc's return on total capital has fluctuated over the past five years. The ratio decreased from 23.06% in 2020 to 15.37% in 2023 before experiencing a significant drop to 9.58% in 2024. This downward trend may indicate a decrease in the company's efficiency in generating profits from its total capital employed. Factors such as changes in operational performance, capital structure, or investments could have contributed to these fluctuations. Further analysis is needed to determine the specific reasons behind the change in return on total capital and to assess the company's overall financial health and performance.
Peer comparison
Sep 30, 2024