Lindsay Corporation (LNN)
Return on total capital
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 76,608 | 104,163 | 92,137 | 55,137 | 53,602 |
| Long-term debt | US$ in thousands | 114,994 | 115,164 | 115,341 | 115,514 | 115,682 |
| Total stockholders’ equity | US$ in thousands | 480,893 | 455,651 | 393,358 | 338,445 | 298,518 |
| Return on total capital | 12.86% | 18.25% | 18.11% | 12.15% | 12.94% |
August 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $76,608K ÷ ($114,994K + $480,893K)
= 12.86%
Lindsay Corporation's return on total capital has fluctuated over the past five years. In 2024, the return on total capital was 12.86%, showing a decrease from the previous year's 18.25%. This indicates a decline in the company's ability to generate returns on its total capital. However, when compared to 2022 and 2021, the return on total capital in 2024 was still relatively higher at 12.15% and 12.94% respectively. The company's performance in 2023 stood out with an impressive return on total capital of 18.25%, which was in line with the strong performance seen in 2022 at 18.11%. Overall, Lindsay Corporation's return on total capital has shown fluctuations in recent years, reflecting varying efficiency in utilizing its total capital to generate profits.
Peer comparison
Aug 31, 2024