Envista Holdings Corp (NVST)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -1,038,100 | -1,285,300 | -1,255,000 | -15,700 | 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 | 1,278,300 | 1,305,600 | 1,388,700 | 1,390,500 | 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 |
| Total stockholders’ equity | US$ in thousands | 2,934,800 | 3,072,500 | 2,976,700 | 4,140,300 | 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 |
| Return on total capital | -24.64% | -29.36% | -28.75% | -0.28% | 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, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-1,038,100K ÷ ($1,278,300K + $2,934,800K)
= -24.64%
Envista Holdings Corp's return on total capital has shown fluctuating trends over the period from September 30, 2020, to December 31, 2024. The ratio started at a low of 0.20% in September 2020, gradually increased, and peaked at 7.94% in September 2021. However, from March 2022 onwards, the return on total capital began to decline steadily, reaching negative values by June 2024. The significant drop in the ratio from June 30 to December 31, 2024, suggests a substantial decrease in the company's profitability relative to its total capital employed. This negative trend may indicate challenges in generating returns on investments and managing capital effectively during this period.
Peer comparison
Dec 31, 2024