Leggett & Platt Incorporated (LEG)
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 | -424,100 | -836,800 | -822,100 | -113,400 | -92,900 | 362,100 | 382,900 | 429,200 | 482,500 | 544,300 | 574,800 | 603,100 | 592,700 | 592,000 | 599,000 | 451,200 | 403,200 | 199,000 | 193,900 | 308,800 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 689,400 | 741,000 | 667,600 | 1,288,800 | 1,333,300 | 1,635,900 | 1,668,600 | 1,666,500 | 1,641,400 | 1,562,800 | 1,614,600 | 1,671,400 | 1,648,600 | 1,577,600 | 1,536,000 | 1,456,200 | 1,390,300 | 1,300,000 | 1,214,600 | 1,238,600 |
| Return on total capital | -61.52% | -112.93% | -123.14% | -8.80% | -6.97% | 22.13% | 22.95% | 25.75% | 29.40% | 34.83% | 35.60% | 36.08% | 35.95% | 37.53% | 39.00% | 30.98% | 29.00% | 15.31% | 15.96% | 24.93% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-424,100K ÷ ($—K + $689,400K)
= -61.52%
Leggett & Platt Incorporated's return on total capital has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The company initially demonstrated a strong performance, with a high return on total capital of 24.93% as of March 31, 2020. This figure decreased slightly to 15.96% by June 30, 2020, and further dropped to 15.31% by September 30, 2020. However, the company's return on total capital improved significantly, reaching 29.00% by December 31, 2020, and continuing to rise to 30.98% by March 31, 2021.
Leggett & Platt continued to perform well in terms of return on total capital, with figures exceeding 35% from June 30, 2021, to September 30, 2022. The metric peaked at 39.00% on June 30, 2021. However, there was a notable decline in return on total capital in the latter part of 2022, with the metric dropping to 29.40% by December 31, 2022. This downward trend continued into 2023, resulting in return on total capital percentages ranging from 22.13% on September 30, 2023, to a negative figure of -6.97% by December 31, 2023. The negative trend persisted, with the return on total capital sinking to -123.14% by June 30, 2024, and further declining to -61.52% by December 31, 2024.
Overall, Leggett & Platt's return on total capital indicates a period of fluctuating performance, with periods of strong returns followed by significant declines. The negative figures in the latter part of the period suggest challenges or adverse developments impacting the company's profitability and capital efficiency.
Peer comparison
Dec 31, 2024