Micron Technology Inc (MU)
Return on total capital
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 1,304,000 | -5,268,000 | 9,764,000 | 6,438,000 | 3,161,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 45,131,000 | 44,120,000 | 49,907,000 | 43,933,000 | 38,996,000 |
| Return on total capital | 2.89% | -11.94% | 19.56% | 14.65% | 8.11% |
August 29, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,304,000K ÷ ($—K + $45,131,000K)
= 2.89%
Micron Technology Inc's return on total capital has fluctuated over the past five years. In the most recent fiscal year ending August 29, 2024, the company reported a return on total capital of 2.89%, indicating a relatively low profitability in comparison to its capital employed. This represents an improvement from the previous year when the return on total capital was significantly negative at -11.94%.
Looking back further, Micron's return on total capital was notably higher in fiscal year 2022, standing at 19.56%. This indicates strong profitability relative to the capital invested in the business. The company also performed well in fiscal year 2021 with a return on total capital of 14.65%, showing consistent profitability over the years.
In fiscal year 2020, Micron reported a return on total capital of 8.11%, demonstrating a moderate level of profitability. Overall, the trend in Micron Technology Inc's return on total capital shows variability, with significant fluctuations in performance over the five-year period analyzed.
Peer comparison
Aug 29, 2024