ICU Medical Inc (ICUI)

Return on total capital

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Earnings before interest and tax (EBIT) US$ in thousands 24,428 -43,604 124,044 99,247 115,256
Long-term debt US$ in thousands 1,577,770 1,623,680 0
Total stockholders’ equity US$ in thousands 2,123,410 2,089,930 1,616,030 1,502,260 1,377,240
Return on total capital 0.66% -1.17% 7.68% 6.61% 8.37%

December 31, 2023 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $24,428K ÷ ($1,577,770K + $2,123,410K)
= 0.66%

The return on total capital for ICU Medical, Inc. has fluctuated over the past five years. In 2023, the return on total capital was 1.27%, showing a slight improvement from the negative return of -0.10% in 2022. However, this is significantly lower compared to the returns of 8.74% in 2021, 8.95% in 2020, and 10.62% in 2019.

The declining trend in return on total capital over the years could indicate potential inefficiencies in the company's capital allocation or operational performance. It may be important for ICU Medical, Inc. to further analyze the factors contributing to this decreasing trend to identify areas for improvement and strive towards achieving more consistent and favorable returns on total capital in the future.


Peer comparison

Dec 31, 2023