N-Able Inc (NABL)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 70,319 | 47,396 | 33,330 |
| Long-term debt | US$ in thousands | 331,509 | 333,488 | 335,379 |
| Total stockholders’ equity | US$ in thousands | 711,360 | 642,071 | 618,355 |
| Return on total capital | 6.74% | 4.86% | 3.49% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $70,319K ÷ ($331,509K + $711,360K)
= 6.74%
Based on the data provided, N-Able Inc's return on total capital has shown a positive trend over the past three years. The return on total capital has increased from 3.49% in 2021 to 4.86% in 2022 and further to 6.74% in 2023. This indicates that the company has been able to generate a higher return on the total capital employed in its operations, reflecting improved efficiency and profitability. The increasing trend in the return on total capital suggests that N-Able Inc is utilizing its capital more effectively to generate profits for its stakeholders. This positive trajectory bodes well for the company's financial performance and overall value creation for its shareholders.
Peer comparison
Dec 31, 2023