Littelfuse Inc (LFUS)
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 | 368,464 | 411,928 | 430,909 | 449,382 | 469,260 | 449,581 | 465,311 | 447,588 | 385,642 | 357,859 | 302,310 | 194,103 | 162,372 | 129,675 | 112,284 | 176,868 | 192,791 | 212,102 | 241,163 | 248,151 |
| Long-term debt | US$ in thousands | 857,915 | 857,006 | 864,223 | 866,925 | 866,623 | 975,610 | 884,569 | 606,741 | 611,897 | 620,112 | 626,917 | 623,865 | 687,034 | 725,507 | 776,205 | 764,195 | 669,158 | 668,160 | 676,940 | 676,510 |
| Total stockholders’ equity | US$ in thousands | 2,480,170 | 2,404,510 | 2,356,960 | 2,307,230 | 2,211,190 | 2,088,720 | 2,051,810 | 2,000,520 | 1,893,390 | 1,821,270 | 1,742,090 | 1,660,610 | 1,608,640 | 1,529,430 | 1,462,300 | 1,476,820 | 1,495,880 | 1,472,080 | 1,509,810 | 1,505,260 |
| Return on total capital | 11.04% | 12.63% | 13.38% | 14.16% | 15.25% | 14.67% | 15.85% | 17.17% | 15.39% | 14.66% | 12.76% | 8.50% | 7.07% | 5.75% | 5.02% | 7.89% | 8.90% | 9.91% | 11.03% | 11.37% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $368,464K ÷ ($857,915K + $2,480,170K)
= 11.04%
Littelfuse Inc's return on total capital has shown fluctuations over the past few quarters. The return on total capital was 11.04% at the end of December 2023, which was a slight decrease from the previous quarter. However, the return on total capital has generally exhibited a positive trend over the past year, with a peak of 17.17% at the end of March 2022.
The variations in the return on total capital may indicate changes in the efficiency and effectiveness of the company's capital utilization. A higher return on total capital indicates that the company is generating more income for each unit of capital employed. Conversely, a lower return on total capital may suggest less effective capital allocation or operational performance.
It is important for investors and stakeholders to closely monitor Littelfuse Inc's return on total capital to assess the company's ability to generate profits from its invested capital and to make informed investment decisions.
Peer comparison
Dec 31, 2023