Kroger Company (KR)
Return on total capital
| Feb 3, 2024 | Nov 4, 2023 | Aug 12, 2023 | May 20, 2023 | Jan 28, 2023 | Nov 5, 2022 | Aug 13, 2022 | May 21, 2022 | Jan 29, 2022 | Nov 6, 2021 | Aug 14, 2021 | May 22, 2021 | Jan 30, 2021 | Nov 7, 2020 | May 23, 2020 | Feb 1, 2020 | Nov 9, 2019 | Aug 17, 2019 | May 25, 2019 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 3,271,000 | 2,976,000 | 2,675,000 | 3,847,000 | 3,433,000 | 3,541,000 | 3,593,000 | 3,256,000 | 2,610,000 | 1,761,000 | 2,028,000 | 3,057,000 | 3,254,000 | 3,738,000 | 3,296,000 | 2,732,000 | 2,661,000 | 2,732,000 | 2,991,000 | 4,630,000 |
| Long-term debt | US$ in thousands | 10,162,000 | 10,143,000 | 10,143,000 | 10,139,000 | 10,139,000 | 10,664,000 | 10,673,000 | 11,279,000 | 11,294,000 | 11,292,000 | 11,270,000 | 11,674,000 | 11,566,000 | 11,084,000 | 11,556,000 | 11,330,000 | 11,311,000 | 11,300,000 | 11,256,000 | 11,248,000 |
| Total stockholders’ equity | US$ in thousands | 11,615,000 | 11,209,000 | 10,626,000 | 10,905,000 | 10,042,000 | 9,955,000 | 9,657,000 | 9,411,000 | 9,452,000 | 9,519,000 | 9,278,000 | 9,249,000 | 9,576,000 | 10,070,000 | 9,356,000 | 8,602,000 | 8,915,000 | 8,711,000 | 8,581,000 | 7,886,000 |
| Return on total capital | 15.02% | 13.94% | 12.88% | 18.28% | 17.01% | 17.17% | 17.67% | 15.74% | 12.58% | 8.46% | 9.87% | 14.61% | 15.39% | 17.67% | 15.76% | 13.71% | 13.16% | 13.65% | 15.08% | 24.20% |
February 3, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $3,271,000K ÷ ($10,162,000K + $11,615,000K)
= 15.02%
Kroger Company's return on total capital has shown fluctuations over the analyzed period. The return on total capital ranged from a low of 8.46% to a high of 24.20%. The highest return on total capital was observed on Feb 2, 2019, while the lowest return on total capital occurred on Jan 29, 2022.
On average, Kroger Company's return on total capital was approximately 15.07% over the period under review. The company's return on total capital has generally been stable, with occasional fluctuations. It is important to note that the return on total capital is a key financial indicator that reflects how efficiently the company is generating returns from its total capital investment.
Overall, Kroger Company has demonstrated a relatively consistent performance in generating returns on its total capital, with the ratio fluctuating within a reasonable range over the analyzed period.
Peer comparison
Feb 3, 2024