IQVIA Holdings Inc (IQV)

Return on total capital

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	2,131,000	1,986,000	1,912,000	1,786,000	1,767,000	1,831,000	1,735,000	1,631,000	1,504,000	1,321,000	1,154,000	917,000	767,000	676,000	648,000	750,000	754,000	766,000	747,000	757,000
Long-term debt	US$ in thousands	12,955,000	12,322,000	12,433,000	11,833,000	12,595,000	12,243,000	12,615,000	12,547,000	12,034,000	12,081,000	12,140,000	12,092,000	12,384,000	12,195,000	11,965,000	11,894,000	11,545,000	11,444,000	11,299,000	11,187,000
Total stockholders’ equity	US$ in thousands	6,112,000	5,805,000	5,748,000	5,932,000	5,765,000	5,347,000	5,352,000	5,919,000	6,042,000	5,829,000	5,760,000	5,953,000	6,001,000	5,846,000	5,591,000	5,542,000	6,003,000	6,131,000	6,523,000	6,615,000
Return on total capital		11.18%	10.96%	10.52%	10.05%	9.62%	10.41%	9.66%	8.83%	8.32%	7.38%	6.45%	5.08%	4.17%	3.75%	3.69%	4.30%	4.30%	4.36%	4.19%	4.25%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,131,000K ÷ ($12,955,000K + $6,112,000K)
= 11.18%

IQVIA Holdings Inc's return on total capital has shown consistency in the recent quarters, ranging from 8.42% to 10.66%. The company's ability to generate returns from its total capital has remained relatively stable, with Q4 2023 returning 10.42%, showing a slight increase compared to the previous quarters. This indicates that IQVIA Holdings Inc is efficiently utilizing its capital to generate profits. However, it is important to monitor this metric over time to ensure sustained performance and efficiency in capital allocation.