Northwest Natural Gas Co (NWN)

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	184,941	191,001	193,651	193,347	167,477	156,428	156,964	156,049	163,117	167,490	170,293	166,611	148,351	134,765	136,719	143,875	143,474	144,762
Long-term debt	US$ in thousands	1,425,440	1,424,600	1,294,580	1,294,590	1,246,170	1,287,000	1,045,530	1,044,700	1,044,590	916,026	915,501	860,654	860,081	860,235	918,887	953,962	805,955	806,014	806,001	632,484
Total stockholders’ equity	US$ in thousands	1,283,840	1,219,540	1,240,280	1,248,310	1,175,440	1,120,860	1,138,780	987,944	935,146	891,461	922,826	936,324	888,733	852,775	884,001	901,741	865,999	844,669	876,746	794,227
Return on total capital		6.83%	7.22%	7.64%	7.60%	6.92%	6.50%	7.19%	7.68%	8.24%	9.27%	9.26%	9.27%	8.48%	7.87%	7.58%	7.75%	8.58%	8.77%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $184,941K ÷ ($1,425,440K + $1,283,840K)
= 6.83%

Northwest Natural Holding Co's return on total capital has been relatively stable over the past year, ranging between 6.02% and 6.88%. This indicates the company's ability to generate profits from its total capital employed in its operations. The company's consistent performance in this regard suggests efficient utilization of its capital resources to generate returns for its shareholders. Overall, Northwest Natural Holding Co's return on total capital demonstrates financial stability and effective management of capital investments.