MarineMax Inc (HZO)
Return on total capital
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 127,521 | 135,720 | 149,555 | 183,532 | 200,622 | 217,323 | 237,896 | 254,163 | 265,169 | 257,957 | 243,578 | 224,665 | 209,469 | 198,514 | 166,266 | 123,112 | 106,731 | 86,557 | 66,639 | 67,149 |
| Long-term debt | US$ in thousands | 355,906 | 364,138 | 372,624 | 380,972 | 389,231 | 399,229 | 407,335 | 415,263 | 45,301 | 45,834 | 45,747 | 46,623 | 47,498 | 48,374 | 49,440 | 50,124 | 7,343 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 975,795 | 967,551 | 931,309 | 925,098 | 915,843 | 899,809 | 848,626 | 812,220 | 782,666 | 742,740 | 674,260 | 633,352 | 594,892 | 572,771 | 523,304 | 482,582 | 455,397 | 425,025 | 387,077 | 380,747 |
| Return on total capital | 9.58% | 10.19% | 11.47% | 14.05% | 15.37% | 16.73% | 18.94% | 20.71% | 32.03% | 32.71% | 33.83% | 33.04% | 32.61% | 31.96% | 29.03% | 23.11% | 23.07% | 20.37% | 17.22% | 17.64% |
September 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $127,521K ÷ ($355,906K + $975,795K)
= 9.58%
MarineMax Inc's return on total capital has fluctuated over the past few quarters, ranging from 9.58% to 33.83%. The trend indicates that the company's ability to generate profits from its total capital has been relatively strong, with higher returns recorded in recent quarters compared to previous periods. The upward trend in return on total capital suggests that MarineMax Inc has been effectively utilizing its capital to generate profits, potentially indicating efficient management of assets and resources. However, it is important to monitor future trends to ensure sustained performance and assess the impact of any external factors on the company's return on total capital.
Peer comparison
Sep 30, 2024