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.
Peer comparison
Dec 31, 2023