MKS Instruments Inc (MKSI)
Return on total capital
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -1,572,000 | -1,432,000 | -1,427,000 | 439,000 | 610,000 | 644,000 | 696,000 | 711,000 | 688,000 | 650,900 | 594,300 | 515,900 | 452,100 | 369,200 | 322,700 | 287,600 | 221,900 | 252,923 | 302,258 | 390,224 |
| Long-term debt | US$ in thousands | 4,953,000 | 5,052,000 | 5,073,000 | 5,076,000 | 5,122,000 | — | — | — | 825,000 | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,472,000 | 2,476,000 | 2,495,000 | 4,451,000 | 4,483,000 | 4,149,000 | 3,129,000 | 3,027,000 | 2,887,000 | 2,728,000 | 2,614,000 | 2,469,000 | 2,360,000 | 2,226,800 | 2,126,600 | 2,052,500 | 2,022,000 | 1,973,500 | 1,945,500 | 1,920,900 |
| Return on total capital | -21.17% | -19.02% | -18.86% | 4.61% | 6.35% | 15.52% | 22.24% | 23.49% | 18.53% | 23.86% | 22.74% | 20.90% | 19.16% | 16.58% | 15.17% | 14.01% | 10.97% | 12.82% | 15.54% | 20.31% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-1,572,000K ÷ ($4,953,000K + $2,472,000K)
= -21.17%
Return on total capital for MKS Instruments Inc has shown some volatility over the past five quarters, ranging from negative figures to double-digit positive percentages. The company experienced a significant decline in return on total capital in the most recent quarter, dropping to -21.17%. This indicates that the company's ability to generate profits from its total capital invested decreased substantially. Prior to this decline, there was a positive trend in the return on total capital, reaching a peak of 23.49% in the first quarter of 2022.
Overall, the return on total capital for MKS Instruments Inc has been inconsistent, with fluctuations in profitability performance. It will be important for stakeholders to monitor future financial results to assess the company's ability to effectively utilize its total capital to generate returns for its investors.
Peer comparison
Dec 31, 2023