Matson Inc (MATX)
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 | 385,200 | 1,370,300 | 1,193,900 | 286,400 | 130,300 |
| Long-term debt | US$ in thousands | 389,300 | 427,700 | 549,700 | 685,600 | 910,000 |
| Total stockholders’ equity | US$ in thousands | 2,400,700 | 2,296,900 | 1,667,400 | 961,200 | 805,700 |
| Return on total capital | 13.81% | 50.29% | 53.85% | 17.39% | 7.59% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $385,200K ÷ ($389,300K + $2,400,700K)
= 13.81%
The return on total capital for Matson Inc has varied over the past five years, ranging from 7.32% in 2019 to 52.04% in 2021. The significant fluctuations in the return on total capital may indicate changes in the company's efficiency in generating profits from its total capital investments. While the return on total capital was relatively low in 2019 and 2020, it substantially improved in 2021, showcasing the company's ability to utilize its total capital more effectively. However, the return on total capital decreased in the subsequent years, suggesting potential challenges or changes in the company's operations or financial performance. Overall, further analysis and contextual information are necessary to understand the factors driving these fluctuations and to assess Matson Inc's long-term financial health and performance.
Peer comparison
Dec 31, 2023