IDACORP Inc (IDA)

Return on total capital

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 Jun 30, 2020 Mar 31, 2020
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 355,390 310,153 312,751 305,231 325,738 357,139 346,956 334,613 327,178 313,755 314,662 328,333 331,332 337,235 337,550 325,543 316,694 313,747 304,448 297,115
Long-term debt US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total stockholders’ equity US$ in thousands 3,330,950 3,269,740 3,196,310 2,915,140 2,907,570 2,920,890 2,853,760 2,823,060 2,807,240 2,778,300 2,706,810 2,677,510 2,668,440 2,670,610 2,606,410 2,569,420 2,559,980 2,565,990 2,495,800 2,467,380
Return on total capital 10.67% 9.49% 9.78% 10.47% 11.20% 12.23% 12.16% 11.85% 11.65% 11.29% 11.62% 12.26% 12.42% 12.63% 12.95% 12.67% 12.37% 12.23% 12.20% 12.04%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $355,390K ÷ ($—K + $3,330,950K)
= 10.67%

IDACORP Inc's Return on Total Capital has shown some fluctuations over the reported quarters. The ratio ranged from a high of 12.95% in June 2021 to a low of 9.49% in September 2024. Generally, the company's Return on Total Capital has been above 10% for most periods, indicating efficient use of both equity and debt to generate profits. However, the decreasing trend observed from June 2022 to December 2024 may raise concerns about the company's ability to maintain consistent returns on its invested capital. Further analysis of the factors influencing this ratio's movement in the more recent quarters would be necessary to understand the company's financial performance and its capital allocation strategies.