Leidos Holdings Inc (LDOS)
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 | 621,000 | 525,000 | 1,142,000 | 1,082,000 | 1,088,000 | 1,093,000 | 1,117,000 | 1,115,000 | 1,152,000 | 1,181,000 | 1,134,000 | 1,114,000 | 998,000 | 960,000 | 951,000 | 912,000 | 912,000 | 839,000 | 793,000 | 782,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,201,000 | 4,146,000 | 4,597,000 | 4,409,000 | 4,299,000 | 4,086,000 | 4,004,000 | 3,955,000 | 4,291,000 | 4,115,000 | 4,099,000 | 3,933,000 | 3,862,000 | 3,706,000 | 3,538,000 | 3,355,000 | 3,413,000 | 3,246,000 | 3,359,000 | 3,294,000 |
| Return on total capital | 14.78% | 12.66% | 24.84% | 24.54% | 25.31% | 26.75% | 27.90% | 28.19% | 26.85% | 28.70% | 27.67% | 28.32% | 25.84% | 25.90% | 26.88% | 27.18% | 26.72% | 25.85% | 23.61% | 23.74% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $621,000K ÷ ($—K + $4,201,000K)
= 14.78%
The return on total capital for Leidos Holdings Inc has shown fluctuating performance over the past several quarters. It ranged from a low of 23.61% in March 2019 to a high of 28.70% in September 2021. The most recent data as of December 2023 indicates a return on total capital of 14.78%, which is a decrease compared to the previous quarter.
The overall trend shows variations in the company's ability to generate returns from its total capital over time. The company experienced improvements in performance in the mid-2020s, reaching peak levels around mid-2022 before experiencing some fluctuations.
It is essential for investors and stakeholders to monitor these fluctuations closely to assess the company's efficiency in utilizing its capital resources effectively to generate returns. Further analysis and comparison with industry benchmarks may provide additional insights into Leidos Holdings Inc's performance relative to its peers.
Peer comparison
Dec 31, 2023