Intuitive Surgical Inc (ISRG)
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 | 2,348,900 | 2,064,200 | 1,952,700 | 1,848,600 | 1,766,800 | 1,689,100 | 1,622,200 | 1,556,600 | 1,577,100 | 1,655,000 | 1,698,700 | 1,812,300 | 1,821,000 | 1,786,400 | 1,614,200 | 1,183,600 | 1,049,800 | 1,031,600 | 1,126,900 | 1,405,300 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 16,433,700 | 15,583,300 | 14,708,300 | 13,962,600 | 13,307,600 | 12,539,000 | 11,879,100 | 11,217,700 | 11,041,900 | 11,515,400 | 12,023,000 | 12,102,300 | 11,901,100 | 11,410,900 | 10,837,500 | 10,153,500 | 9,731,500 | 9,257,800 | 8,740,500 | 8,506,700 |
| Return on total capital | 14.29% | 13.25% | 13.28% | 13.24% | 13.28% | 13.47% | 13.66% | 13.88% | 14.28% | 14.37% | 14.13% | 14.97% | 15.30% | 15.66% | 14.89% | 11.66% | 10.79% | 11.14% | 12.89% | 16.52% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,348,900K ÷ ($—K + $16,433,700K)
= 14.29%
Intuitive Surgical Inc's return on total capital has shown a fluctuating trend over the analyzed period, declining from 16.52% as of March 31, 2020, to a low of 10.79% by December 31, 2020. However, there was a gradual recovery in the subsequent quarters, with a consistent increase in return on total capital reaching a peak of 15.66% on September 30, 2021.
Although there were minor fluctuations in the following quarters, the return on total capital generally remained above 13%, indicating a relatively stable performance. The ratio stood at 14.29% as of December 31, 2024, demonstrating an improvement compared to the earlier years.
Overall, the return on total capital for Intuitive Surgical Inc reflects a mix of both positive and challenging periods, with the company managing to maintain a satisfactory level of performance and efficiency in utilizing its total capital over the analyzed period.
Peer comparison
Dec 31, 2024