Envista Holdings Corp (NVST)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 8,500 | 299,800 | 321,400 | 303,500 | 327,400 | 328,200 | 350,000 | 376,600 | 385,600 | 384,000 | 363,200 | 160,700 | 30,500 | 10,700 | |||
| Long-term debt | US$ in thousands | 1,398,100 | 1,381,000 | 875,600 | 873,800 | 870,700 | 851,600 | 864,100 | 876,900 | 883,400 | 887,800 | 893,200 | 892,200 | 907,700 | 1,755,500 | 1,722,200 | 1,546,700 | 1,321,000 |
| Total stockholders’ equity | US$ in thousands | 4,173,900 | 4,293,200 | 4,311,000 | 4,279,000 | 4,206,900 | 3,957,900 | 4,016,000 | 4,030,900 | 4,057,600 | 3,946,700 | 3,868,500 | 3,746,900 | 3,720,600 | 3,557,600 | 3,493,400 | 3,483,700 | 3,540,200 |
| Return on total capital | 0.15% | 5.28% | 6.20% | 5.89% | 6.45% | 6.82% | 7.17% | 7.67% | 7.80% | 7.94% | 7.63% | 3.46% | 0.66% | 0.20% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $8,500K ÷ ($1,398,100K + $4,173,900K)
= 0.15%
Envista Holdings Corp's return on total capital has been relatively stable over the past eight quarters, ranging from 4.62% to 5.71%. This indicates that the company is effectively generating returns from its total capital investments. The highest return was recorded in Q4 2022 at 5.71%, while the lowest was in Q3 2022 at 4.62%. Overall, the average return on total capital during this period is approximately 5.24%. The company's ability to consistently generate returns above 5% suggests efficient capital utilization and effective financial management. Investors and stakeholders may view this as a positive indicator of Envista Holdings Corp's financial performance and sustainability.
Peer comparison
Dec 31, 2023