Norwegian Cruise Line Holdings Ltd (NCLH)
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 | 1,497,299 | 1,297,616 | 1,179,499 | 1,094,200 | 888,432 | 524,068 | -168,473 | -829,777 | -1,520,296 | -1,859,710 | -2,390,327 | -2,573,128 | -2,428,395 | -2,356,216 | -2,213,293 | -2,243,519 | -1,906,935 | -1,166,633 | -103,006 | 819,120 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,425,440 | 1,135,330 | 693,133 | 362,091 | 300,807 | 438,688 | 15,221 | -99,548 | 68,591 | 399,783 | 901,815 | 1,507,600 | 2,432,650 | 2,883,240 | 3,719,250 | 4,377,260 | 4,354,100 | 4,087,770 | 4,337,020 | 4,374,650 |
| Return on total capital | 105.04% | 114.29% | 170.17% | 302.19% | 295.35% | 119.46% | -1,106.85% | — | -2,216.47% | -465.18% | -265.06% | -170.68% | -99.83% | -81.72% | -59.51% | -51.25% | -43.80% | -28.54% | -2.38% | 18.72% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,497,299K ÷ ($—K + $1,425,440K)
= 105.04%
The return on total capital for Norwegian Cruise Line Holdings Ltd has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the company's return on total capital was positive in March 2020 at 18.72%. However, it turned negative in the subsequent quarters, reaching its lowest point at -2,216.47% in December 2022.
The negative trend continued until the first half of 2023 when there was missing data for March 31, 2023. However, a notable improvement was observed in September 2023, where the return on total capital turned positive at 119.46%. This positive momentum continued to strengthen, reaching 295.35% in December 2023 and further improving to 302.19% in March 2024.
The company's return on total capital displayed a remarkable recovery by consistently staying positive from 2023 onwards until the end of 2024, with percentages ranging from 105.04% to 170.17%. This positive trend suggests an improvement in the company's efficiency in generating profits relative to its invested capital during this period.
Overall, the return on total capital for Norwegian Cruise Line Holdings exhibited a volatile performance, with significant challenges in the past that have been gradually overcome, leading to a more stable and positive trend in recent periods.
Peer comparison
Dec 31, 2024