John Bean Technologies Corporation (JBT)
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 | 177,200 | 198,000 | 196,800 | 185,400 | 176,000 | 131,900 | 137,600 | 152,900 | 160,100 | 169,100 | 156,900 | 157,200 | 163,100 | 182,200 | 202,500 | 201,900 | 188,200 | 184,700 | 172,700 | 167,900 |
| Long-term debt | US$ in thousands | 646,400 | 645,800 | 949,600 | 956,500 | 977,300 | 979,000 | 674,600 | 669,900 | 674,400 | 652,900 | 641,100 | 469,300 | 522,500 | 598,000 | 647,600 | 733,600 | 698,300 | 768,700 | 771,500 | 448,200 |
| Total stockholders’ equity | US$ in thousands | 1,488,900 | 1,373,100 | 921,200 | 891,000 | 905,400 | 806,200 | 789,800 | 783,600 | 750,500 | 707,300 | 685,700 | 672,100 | 637,100 | 611,400 | 596,600 | 570,700 | 569,500 | 523,700 | 500,000 | 476,400 |
| Return on total capital | 8.30% | 9.81% | 10.52% | 10.04% | 9.35% | 7.39% | 9.40% | 10.52% | 11.24% | 12.43% | 11.83% | 13.77% | 14.07% | 15.07% | 16.28% | 15.48% | 14.84% | 14.29% | 13.58% | 18.16% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $177,200K ÷ ($646,400K + $1,488,900K)
= 8.30%
To analyze John Bean Technologies Corp's return on total capital, we will calculate the average return on total capital over the past eight quarters.
Average return on total capital = (8.23% + 9.05% + 10.03% + 10.00% + 9.53% + 8.87% + 10.43% + 10.87%) / 8
Average return on total capital = 9.61%
John Bean Technologies Corp's average return on total capital over the past eight quarters is 9.61%. This indicates the company's ability to generate profits from its total capital employed in its operations. A higher return on total capital suggests efficient utilization of both debt and equity in generating income for the company.
It is important for investors and stakeholders to monitor this ratio over time to ensure that the company is maintaining and potentially improving its efficiency in generating returns on the total capital invested.
Peer comparison
Dec 31, 2023