Minerals Technologies Inc (MTX)
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 | 280,000 | 263,000 | 182,200 | 181,200 | 168,100 | 143,900 | 182,600 | 200,800 | 204,700 | 224,100 | 252,400 | 247,100 | 240,600 | 229,700 | 215,900 | 192,000 | 191,000 | 186,600 | 202,200 | 208,300 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,747,000 | 1,706,000 | 1,662,600 | 1,661,100 | 1,652,000 | 1,589,100 | 1,626,500 | 1,622,800 | 1,579,400 | 1,502,000 | 1,543,400 | 1,562,000 | 1,539,300 | 1,506,300 | 1,499,700 | 1,464,000 | 1,460,800 | 1,438,100 | 1,406,500 | 1,379,800 |
| Return on total capital | 16.03% | 15.42% | 10.96% | 10.91% | 10.18% | 9.06% | 11.23% | 12.37% | 12.96% | 14.92% | 16.35% | 15.82% | 15.63% | 15.25% | 14.40% | 13.11% | 13.08% | 12.98% | 14.38% | 15.10% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $280,000K ÷ ($—K + $1,747,000K)
= 16.03%
Minerals Technologies Inc's return on total capital has displayed some variability over the reported periods. The ratio ranged from a high of 16.35% on June 30, 2022, to a low of 9.06% on September 30, 2023. Generally, the return on total capital remained above 10% for most quarters, reflecting the company's ability to generate profits relative to the total capital employed in its operations.
In the most recent quarters, the return on total capital showed improvement, reaching 16.03% on December 31, 2024, after a slight dip in the previous quarter. This upward trend indicates potential efficiency in utilizing the company's capital to generate returns for its shareholders.
It is essential for investors and stakeholders to monitor the return on total capital of Minerals Technologies Inc over time to assess the effectiveness of the company's capital allocation strategies and overall financial performance. Additionally, any significant fluctuations should be investigated further to understand the drivers behind the changes in the ratio.
Peer comparison
Dec 31, 2024