IDACORP Inc (IDA)
Return on total capital
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 440,869 | 405,646 | 317,982 | 314,402 | 297,656 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,330,950 | 2,907,570 | 2,807,240 | 2,668,440 | 2,559,980 |
| Return on total capital | 13.24% | 13.95% | 11.33% | 11.78% | 11.63% |
December 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $440,869K ÷ ($—K + $3,330,950K)
= 13.24%
IDACORP Inc's return on total capital has shown consistency over the past five years, with values ranging from 11.33% to 13.95%. The company's return on total capital increased from 11.63% in December 2020 to 13.24% in December 2024, indicating an improvement in the efficiency of deploying capital to generate returns. The upward trend in return on total capital suggests that IDACORP Inc has been effectively utilizing its capital resources to generate profits for its shareholders. Overall, the company's performance in terms of return on total capital appears to be stable and demonstrates a positive growth trajectory.
Peer comparison
Dec 31, 2024