L3Harris Technologies Inc (LHX)

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	2,485,000	2,593,000	2,556,000	2,459,000	2,309,000	2,160,000	1,350,000	1,423,000	1,552,000	1,600,000	2,475,000	2,492,000	2,558,000	2,708,000	2,674,000	2,585,000	2,577,000	3,086,000	2,774,000	2,590,000
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	19,514,000	18,998,000	18,840,000	18,666,000	18,765,000	18,616,000	18,428,000	18,306,000	18,523,000	18,337,000	19,086,000	19,260,000	19,213,000	19,484,000	19,863,000	20,367,000	20,724,000	21,313,000	22,102,000	21,898,000
Return on total capital		12.73%	13.65%	13.57%	13.17%	12.30%	11.60%	7.33%	7.77%	8.38%	8.73%	12.97%	12.94%	13.31%	13.90%	13.46%	12.69%	12.43%	14.48%	12.55%	11.83%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,485,000K ÷ ($—K + $19,514,000K)
= 12.73%

L3Harris Technologies Inc's return on total capital has exhibited fluctuations over the analyzed period. The ratio ranged between 7.33% to 14.48%, with a recent downward trend noted in the latter part of the period. The average return on total capital during this period was approximately 12.29%. Although the ratio experienced variability, indicating changes in the company's efficiency in generating returns from its total invested capital, it remained relatively stable overall. Further analysis considering industry benchmarks and additional financial metrics could provide a more robust understanding of L3Harris Technologies Inc's performance in utilizing its total capital effectively.