International Seaways Inc (INSW)

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	427,719	534,459	542,765	584,376	604,961	694,640	709,471	621,495	447,855	187,951	-1,287	-93,802	-101,204	-185,187	-95,496	-11,694	45,168	179,281	145,300	66,888
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,856,050	1,874,630	1,887,440	1,794,890	1,716,760	1,650,080	1,620,270	1,557,280	1,487,750	1,328,830	1,230,560	1,164,870	1,133,690	1,214,780	1,142,130	967,763	972,042	1,086,520	1,072,050	1,029,680
Return on total capital		23.04%	28.51%	28.76%	32.56%	35.24%	42.10%	43.79%	39.91%	30.10%	14.14%	-0.10%	-8.05%	-8.93%	-15.24%	-8.36%	-1.21%	4.65%	16.50%	13.55%	6.50%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $427,719K ÷ ($—K + $1,856,050K)
= 23.04%

International Seaways Inc's return on total capital has shown significant fluctuations over the past few years.

Starting at 6.50% in March 2020, the return on total capital increased steadily to reach a peak of 43.79% in June 2023. However, in the following quarters, there was a sharp decline in the return on total capital, dropping to 23.04% by December 2024.

These fluctuations suggest that International Seaways Inc's ability to generate returns relative to its total capital has been volatile. It is important for investors and stakeholders to closely monitor these changes and assess the company's efficiency in utilizing its capital resources to drive profitability.