Enpro Industries (NPO)
Return on total capital
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 98,000 | 222,000 | 233,600 | 295,200 | 265,100 | 222,700 | 222,800 | 207,300 | 207,400 | 91,100 | 22,600 | -12,300 | 191,600 | 201,800 | 226,500 | 264,400 | 54,400 | 43,100 | 72,000 | 56,000 |
| Long-term debt | US$ in thousands | 638,700 | 640,500 | 767,600 | 771,200 | 775,100 | 868,100 | 876,700 | 915,300 | 963,900 | 485,500 | 486,300 | 486,900 | 487,500 | 489,300 | 490,300 | 491,100 | 625,200 | 665,900 | 427,900 | 472,800 |
| Total stockholders’ equity | US$ in thousands | 1,409,700 | 1,407,900 | 1,414,400 | 1,435,100 | 1,395,100 | 1,267,800 | 1,280,500 | 1,265,500 | 1,270,300 | 1,140,700 | 1,118,100 | 1,080,900 | 1,081,400 | 1,065,900 | 1,084,200 | 1,071,900 | 896,600 | 876,400 | 876,200 | 871,100 |
| Return on total capital | 4.78% | 10.84% | 10.71% | 13.38% | 12.22% | 10.43% | 10.33% | 9.51% | 9.28% | 5.60% | 1.41% | -0.78% | 12.21% | 12.98% | 14.39% | 16.92% | 3.57% | 2.79% | 5.52% | 4.17% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $98,000K ÷ ($638,700K + $1,409,700K)
= 4.78%
The return on total capital for Enpro Inc has shown a generally positive trend over the past eight quarters, ranging from 4.04% to 6.92%. The company's return on total capital has been consistently increasing since Q1 2022, indicating improved efficiency in generating profits relative to the total capital employed. This suggests that Enpro Inc has been utilizing its capital more effectively to generate returns for its stakeholders. Despite fluctuations in the figures, the overall trend reflects a positive financial performance in terms of generating returns on the total capital invested in the company. However, it is important to consider other financial metrics and factors to gain a holistic understanding of Enpro Inc's financial health and performance.