New York Times Company (NYT)
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 | 276,272 | 240,249 | 227,697 | 223,583 | 201,967 | 203,075 | 201,036 | 222,660 | 284,483 | 270,902 | 261,522 | 217,043 | 176,256 | 173,687 | 159,177 | 168,304 | 175,582 | 172,284 | 188,641 | 190,710 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 246,000 | 247,000 | 248,000 |
| Total stockholders’ equity | US$ in thousands | 1,763,220 | 1,653,240 | 1,605,220 | 1,574,780 | 1,597,970 | 1,540,350 | 1,538,130 | 1,493,070 | 1,538,720 | 1,467,530 | 1,416,780 | 1,352,870 | 1,325,520 | 1,255,390 | 1,229,170 | 1,191,710 | 1,172,000 | 1,095,910 | 1,083,340 | 1,057,950 |
| Return on total capital | 15.67% | 14.53% | 14.18% | 14.20% | 12.64% | 13.18% | 13.07% | 14.91% | 18.49% | 18.46% | 18.46% | 16.04% | 13.30% | 13.84% | 12.95% | 14.12% | 14.98% | 12.84% | 14.18% | 14.60% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $276,272K ÷ ($—K + $1,763,220K)
= 15.67%
New York Times Co. has consistently demonstrated solid performance in terms of return on total capital over the past eight quarters. The return on total capital ranged from 14.97% to 17.49% during this period. In the most recent quarter, Q4 2023, the return on total capital stood at 16.50%. This indicates that for every dollar of total capital employed, the company generated a return of 16.50 cents. The relatively stable trend in return on total capital suggests that New York Times Co. has been effectively utilizing its capital resources to generate profits over the past two years.
Peer comparison
Dec 31, 2023