LeMaitre Vascular Inc (LMAT)

Return on total capital

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	39,475	27,490	36,506	28,666	21,679
Long-term debt	US$ in thousands	—	—	0	35,532	0
Total stockholders’ equity	US$ in thousands	297,900	268,201	254,151	172,572	148,141
Return on total capital		13.25%	10.25%	14.36%	13.77%	14.63%

December 31, 2023 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $39,475K ÷ ($—K + $297,900K)
= 13.25%

Lemaitre Vascular Inc's return on total capital has shown a stable performance over the past five years, ranging from 11.16% to 14.33%. The company's ability to generate returns on its total capital has been relatively consistent, with a slight increase in 2023 compared to the previous year. This indicates that Lemaitre Vascular has been efficient in utilizing its total capital to generate profits for its stakeholders. The consistent performance in return on total capital is a positive sign of financial health and operational efficiency for the company.