Matson Inc (MATX)

Return on total capital

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	606,900	534,000	415,800	450,078	526,636	616,381	819,054	1,208,990	1,591,272	1,956,356	1,996,929	1,701,559	1,375,164	952,880	720,381	545,786	423,794	330,203	263,611	220,121
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	2,652,000	2,556,700	2,398,500	2,373,800	2,400,700	2,390,300	2,290,000	2,270,300	2,296,900	2,298,600	2,133,600	1,910,700	1,667,400	1,344,800	1,172,800	1,028,900	961,200	891,800	815,500	800,200
Return on total capital		22.88%	20.89%	17.34%	18.96%	21.94%	25.79%	35.77%	53.25%	69.28%	85.11%	93.59%	89.05%	82.47%	70.86%	61.42%	53.05%	44.09%	37.03%	32.33%	27.51%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $606,900K ÷ ($—K + $2,652,000K)
= 22.88%

Matson Inc's return on total capital has shown a positive trend over the quarters, starting at 27.51% in March 2020 and increasing steadily to a peak of 93.59% in June 2022. The return then experienced fluctuations but remained relatively high until December 2023 at 21.94%. However, a decline in the return was observed in the subsequent periods, reaching 22.88% by December 2024. Overall, Matson Inc's return on total capital reflects strong performance in generating profits in comparison to the total capital invested, with some fluctuations towards the later periods.