NetScout Systems Inc (NTCT)

Return on total capital

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	-135,859	-102,933	92,069	84,042	78,662	68,744	62,632	53,251	50,939	74,068	47,583	38,443	33,183	31,010	37,648	28,810	22,521	39,238	3,505	-13,393
Long-term debt	US$ in thousands	100,000	100,000	100,000	100,000	100,000	200,000	200,000	200,000	350,000	350,000	350,000	350,000	350,000	450,000	450,000	450,000	450,000	450,000	450,000	500,000
Total stockholders’ equity	US$ in thousands	1,892,060	1,903,900	2,039,670	2,031,210	2,029,650	2,005,150	1,937,650	1,906,890	2,060,400	2,047,590	1,999,000	2,002,960	2,005,780	1,978,240	1,939,320	1,929,820	1,937,920	1,962,810	1,940,260	2,011,440
Return on total capital		-6.82%	-5.14%	4.30%	3.94%	3.69%	3.12%	2.93%	2.53%	2.11%	3.09%	2.03%	1.63%	1.41%	1.28%	1.58%	1.21%	0.94%	1.63%	0.15%	-0.53%

March 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-135,859K ÷ ($100,000K + $1,892,060K)
= -6.82%

NetScout Systems Inc's return on total capital has fluctuated over the past 20 quarters. The company experienced negative returns for the first two quarters of 2024, with a return of -6.82% in March 2024 and -5.14% in December 2023. However, there was a positive trend in the preceding quarters, with returns ranging from 0.94% to 4.30%. The return on total capital reached its peak at 4.30% in September 2023.

Overall, the return on total capital for NetScout Systems Inc has shown variability, indicating fluctuations in the company's efficiency in generating returns from its total capital base. Investors and stakeholders may want to closely monitor these fluctuations to assess the company's operational performance and financial health.