Kirby Corporation (KEX)
Return on total capital
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 453,193 | 334,883 | 169,476 | -278,806 | -412,612 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,303,610 | 3,185,430 | 3,045,170 | 2,888,780 | 3,087,550 |
| Return on total capital | 13.72% | 10.51% | 5.57% | -9.65% | -13.36% |
December 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $453,193K ÷ ($—K + $3,303,610K)
= 13.72%
Kirby Corporation's return on total capital has shown a positive trend over the years, increasing from negative figures in 2020 and 2021 to double-digit percentages in 2023 and 2024. This indicates an improvement in the company's efficiency in generating returns from its total capital investments. The significant increase in the return on total capital from 2022 to 2024 suggests that Kirby Corporation has been able to enhance its operational performance and effectively utilize its capital resources. Overall, the improving trend in return on total capital reflects positively on the company's financial performance and indicates a stronger financial position in recent years.
Peer comparison
Dec 31, 2024