Kirby Corporation (KEX)
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 | 445,115 | 435,123 | 391,432 | 357,233 | 315,157 | 283,166 | 251,736 | 218,050 | 192,867 | 163,503 | -197,242 | -220,324 | -245,538 | -252,335 | 85,033 | 96,732 | -406,169 | -413,593 | -365,834 | -327,737 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,351,810 | 3,302,330 | 3,261,460 | 3,215,650 | 3,185,430 | 3,158,080 | 3,112,810 | 3,085,140 | 3,045,170 | 2,975,360 | 2,929,740 | 2,911,860 | 2,888,780 | 2,846,220 | 3,105,330 | 3,088,740 | 3,087,550 | 3,075,260 | 3,048,880 | 3,124,530 |
| Return on total capital | 13.28% | 13.18% | 12.00% | 11.11% | 9.89% | 8.97% | 8.09% | 7.07% | 6.33% | 5.50% | -6.73% | -7.57% | -8.50% | -8.87% | 2.74% | 3.13% | -13.16% | -13.45% | -12.00% | -10.49% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $445,115K ÷ ($—K + $3,351,810K)
= 13.28%
Kirby Corporation's return on total capital has shown a fluctuating trend over the past few years. The ratio was negative in the initial quarters of 2020 and remained below zero until the first quarter of 2021. However, from the first quarter of 2021 onwards, there has been a steady improvement in the return on total capital, with positive figures recorded in each subsequent quarter up to the end of 2024.
The return on total capital improved consistently from 3.13% in the first quarter of 2021 to 13.28% in the last quarter of 2024. This upward trend indicates that Kirby Corporation has been able to generate a higher return on the total capital employed in its operations, reflecting better efficiency and effectiveness in utilizing its resources to generate profits.
Overall, the improving return on total capital suggests that Kirby Corporation has been successful in enhancing its operational performance and profitability over the years analyzed, which is a positive indicator for investors and stakeholders interested in the company's financial health and potential for future growth.
Peer comparison
Dec 31, 2024