Medtronic PLC (MDT)
Return on total capital
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 26, 2024 | Jan 31, 2024 | Jan 26, 2024 | Oct 31, 2023 | Oct 27, 2023 | Jul 31, 2023 | Jul 28, 2023 | Apr 30, 2023 | Apr 28, 2023 | Jan 31, 2023 | Jan 27, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 6,717,000 | 6,051,000 | 5,834,000 | 6,093,000 | 5,787,000 | 6,225,000 | 6,093,000 | 5,787,000 | 6,041,000 | 6,278,000 | 6,401,000 | 6,597,000 | 6,202,000 | 5,978,000 | 5,607,000 | 5,277,000 | 5,717,000 | 5,951,000 | 6,421,000 | 6,939,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 21,700,000 | — | — | — | 21,100,000 | — | 20,100,000 | — |
| Total stockholders’ equity | US$ in thousands | 49,387,000 | 48,494,000 | 47,947,000 | 50,214,000 | 50,214,000 | 51,792,000 | 51,792,000 | 51,460,000 | 51,460,000 | 51,178,000 | 51,178,000 | 51,483,000 | 51,483,000 | 51,441,000 | 51,441,000 | 51,880,000 | 51,880,000 | 52,672,000 | 52,672,000 | 52,551,000 |
| Return on total capital | 13.60% | 12.48% | 12.17% | 12.13% | 11.52% | 12.02% | 11.76% | 11.25% | 11.74% | 12.27% | 12.51% | 12.81% | 8.47% | 11.62% | 10.90% | 10.17% | 7.83% | 11.30% | 8.82% | 13.20% |
January 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $6,717,000K ÷ ($—K + $49,387,000K)
= 13.60%
Medtronic PLC's return on total capital has shown fluctuations over the period analyzed. The return on total capital ranged from a low of 7.83% on October 28, 2022, to a high of 13.60% on January 31, 2025. The return on total capital generally trended upwards from the lower values seen in 2022 to the higher values observed in 2025, indicating an improvement in the company's efficiency in generating profits from its capital investments. Overall, the average return on total capital over the period analyzed was 11.35%, reflecting a solid performance in utilizing the company's total capital to generate returns for its investors.
Peer comparison
Jan 31, 2025