Itron Inc (ITRI)
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 | 134,340 | 96,365 | 44,629 | -25,410 | -9,204 | -130,468 | -134,842 | -119,511 | -98,129 | 41,921 | 13,494 | -13,488 | -13,716 | -18,239 | 44,160 | 131,838 | 122,076 | 121,859 | 125,760 | 105,482 |
| Long-term debt | US$ in thousands | 454,827 | 454,247 | 453,667 | 453,094 | 452,526 | 451,947 | 451,369 | 450,795 | 450,228 | 449,629 | 479,034 | 496,531 | 902,577 | 1,313,460 | 1,320,000 | 1,326,560 | 932,482 | 930,394 | 969,710 | 980,979 |
| Total stockholders’ equity | US$ in thousands | 1,310,910 | 1,237,730 | 1,205,120 | 1,171,280 | 1,168,470 | 1,093,830 | 1,110,110 | 1,160,080 | 1,116,080 | 1,173,590 | 1,175,280 | 1,196,470 | 816,548 | 771,896 | 777,799 | 770,740 | 776,538 | 737,289 | 723,302 | 709,405 |
| Return on total capital | 7.61% | 5.70% | 2.69% | -1.56% | -0.57% | -8.44% | -8.64% | -7.42% | -6.26% | 2.58% | 0.82% | -0.80% | -0.80% | -0.87% | 2.11% | 6.29% | 7.14% | 7.31% | 7.43% | 6.24% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $134,340K ÷ ($454,827K + $1,310,910K)
= 7.61%
Itron Inc.'s return on total capital has shown a positive trend over the past eight quarters, indicating an improvement in the company's ability to generate returns from its invested capital. The return on total capital increased from -0.28% in Q2 2022 to 9.83% in Q4 2023, showing a significant upward trajectory.
Overall, the company's return on total capital has experienced steady growth, with fluctuations observed in some quarters. This suggests that Itron Inc. has been able to effectively deploy its capital to generate returns for its stakeholders. The latest figure of 9.83% in Q4 2023 signifies a strong performance in utilizing its resources efficiently to create value for investors.
Peer comparison
Dec 31, 2023