Knowles Cor (KN)
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 | 51,100 | -169,400 | -205,600 | -437,100 | -414,800 | -167,300 | -118,100 | 118,800 | 115,800 | 112,800 | 91,800 | 57,100 | 29,200 | 22,400 | 42,400 | 67,200 | 81,200 | 84,100 | 80,100 | 77,900 |
| Long-term debt | US$ in thousands | 224,100 | 45,000 | 45,000 | 45,000 | 45,000 | 78,000 | 73,000 | 70,000 | 70,000 | 0 | 0 | 0 | 0 | 213,000 | 160,900 | 258,800 | 156,800 | 154,800 | 171,900 | 170,000 |
| Total stockholders’ equity | US$ in thousands | 1,034,100 | 993,300 | 986,500 | 987,400 | 992,900 | 1,180,200 | 1,203,600 | 1,474,100 | 1,459,500 | 1,366,100 | 1,332,100 | 1,323,700 | 1,303,500 | 1,264,600 | 1,243,800 | 1,253,800 | 1,288,500 | 1,257,300 | 1,227,200 | 1,216,500 |
| Return on total capital | 4.06% | -16.32% | -19.93% | -42.34% | -39.97% | -13.30% | -9.25% | 7.69% | 7.57% | 8.26% | 6.89% | 4.31% | 2.24% | 1.52% | 3.02% | 4.44% | 5.62% | 5.96% | 5.73% | 5.62% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $51,100K ÷ ($224,100K + $1,034,100K)
= 4.06%
Knowles Corp's return on total capital fluctuated over the past eight quarters, ranging from 3.31% in Q4 2023 to 10.42% in Q2 2022. The decreasing trend observed from Q2 2022 to Q1 2023 reversed in Q2 and Q3 2023. This indicates that the company's ability to generate returns from its total capital has varied, possibly influenced by changes in operational efficiency, profitability, or capital structure. Further analysis of the underlying factors impacting these fluctuations would be necessary to understand the drivers behind the changing return on total capital for Knowles Corp.
Peer comparison
Dec 31, 2023