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