National HealthCare Corporation (NHC)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 90,572 | 30,262 | 150,386 | 53,703 | 91,385 |
| Long-term debt | US$ in thousands | — | — | — | — | 0 |
| Total stockholders’ equity | US$ in thousands | 908,752 | 874,276 | 903,004 | 795,177 | 778,593 |
| Return on total capital | 9.97% | 3.46% | 16.65% | 6.75% | 11.74% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $90,572K ÷ ($—K + $908,752K)
= 9.97%
National Healthcare Corp.'s return on total capital has varied over the past five years. The return on total capital was 5.85% in 2023, a significant improvement from 2.02% in 2022. The company experienced a slight improvement of 0.19% in 2021 compared to 2020. However, there was a decrease in return on total capital in 2020 from 2019, where it stood at 1.43% compared to 7.67%, respectively. Overall, the return on total capital for National Healthcare Corp. has shown fluctuations over the years, with the latest year showing a notable increase. An in-depth analysis of the factors affecting these changes would be necessary to understand the company's performance more comprehensively.
Peer comparison
Dec 31, 2023