MGP Ingredients Inc (MGPI)
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 | 85,713 | 162,892 | 171,989 | 167,216 | 175,694 | 158,134 | 147,958 | 138,152 | 146,604 | 122,302 | 122,254 | 124,940 | 95,306 | 101,704 | 82,893 | 57,301 | 50,509 | 54,949 | 52,901 | 52,437 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 832,543 | 914,472 | 894,457 | 867,019 | 850,492 | 819,590 | 807,122 | 775,947 | 745,644 | 724,794 | 703,827 | 679,961 | 644,265 | 615,190 | 593,578 | 278,511 | 262,526 | 252,001 | 242,697 | 235,565 |
| Return on total capital | 10.30% | 17.81% | 19.23% | 19.29% | 20.66% | 19.29% | 18.33% | 17.80% | 19.66% | 16.87% | 17.37% | 18.37% | 14.79% | 16.53% | 13.96% | 20.57% | 19.24% | 21.81% | 21.80% | 22.26% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $85,713K ÷ ($—K + $832,543K)
= 10.30%
MGP Ingredients Inc's return on total capital has exhibited some fluctuation over the periods from March 31, 2020, to December 31, 2024. The return on total capital was relatively stable, ranging from a high of 22.26% in March 2020 to a low of 10.30% in December 2024.
Overall, the return on total capital decreased in the latter part of the period, with a peak in March 2020 and a decline towards the end of 2024. It experienced a noticeable drop between September 2022 and December 2024.
The company's return on total capital reflects its ability to generate profits from its total capital employed in the business. The fluctuations observed in the return on total capital may indicate changes in the company's profitability and efficiency in utilizing its capital resources over the analyzed period. Further analysis and comparison with industry benchmarks could provide more insights into the company's performance.