Integer Holdings Corp (ITGR)
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 | 160,664 | 154,480 | 138,107 | 128,952 | 115,617 | 111,210 | 116,771 | 122,885 | 136,479 | 132,273 | 139,809 | 110,937 | 124,427 | 119,702 | 126,770 | 170,611 | 162,876 | 179,658 | 171,888 | 165,638 |
| Long-term debt | US$ in thousands | 959,925 | 941,383 | 980,398 | 992,469 | 907,073 | 923,396 | 931,889 | 814,382 | 812,876 | 610,405 | 631,204 | 649,630 | 693,758 | 801,607 | 930,385 | 793,829 | 777,272 | 790,420 | 825,438 | 874,158 |
| Total stockholders’ equity | US$ in thousands | 1,519,040 | 1,463,350 | 1,445,660 | 1,417,940 | 1,417,460 | 1,355,060 | 1,363,450 | 1,364,350 | 1,354,700 | 1,332,250 | 1,314,570 | 1,277,720 | 1,271,060 | 1,233,000 | 1,181,400 | 1,164,200 | 1,152,490 | 1,128,580 | 1,111,700 | 1,075,970 |
| Return on total capital | 6.48% | 6.42% | 5.69% | 5.35% | 4.97% | 4.88% | 5.09% | 5.64% | 6.30% | 6.81% | 7.19% | 5.76% | 6.33% | 5.88% | 6.00% | 8.71% | 8.44% | 9.36% | 8.87% | 8.49% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $160,664K ÷ ($959,925K + $1,519,040K)
= 6.48%
Integer Holdings Corp's return on total capital has shown a generally positive trend over the past eight quarters, with the latest quarter (Q4 2023) reporting a return of 6.87%. The company's return on total capital has fluctuated between a low of 5.51% in Q3 2022 and a high of 7.06% in Q3 2023.
Overall, Integer Holdings Corp's performance in generating returns from its total capital has been relatively stable, averaging around 6% over the observed period. This indicates that the company has been effectively utilizing its total capital to generate profits and create value for its shareholders. However, there may be room for improvement to further enhance the efficiency of its capital utilization in order to drive higher returns in the future.
Peer comparison
Dec 31, 2023