Onto Innovation Inc (ONTO)
Return on total capital
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 187,103 | 116,078 | 236,714 | 156,407 | -26,677 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,925,880 | 1,736,540 | 1,596,430 | 1,426,060 | 1,264,750 |
| Return on total capital | 9.72% | 6.68% | 14.83% | 10.97% | -2.11% |
December 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $187,103K ÷ ($—K + $1,925,880K)
= 9.72%
Onto Innovation Inc's return on total capital has shown fluctuations over the years based on the provided data.
- In December 31, 2020, the return on total capital was -2.11%, indicating that the company did not generate a positive return on the total capital employed during that period.
- By December 31, 2021, the return on total capital improved significantly to 10.97%, suggesting that the company was able to generate a positive return on the total capital employed, indicating improved efficiency in capital utilization.
- The return on total capital further increased to 14.83% by December 31, 2022, indicating continued improvement in capital efficiency and profitability.
- However, by December 31, 2023, the return on total capital declined to 6.68%, suggesting a reduction in the efficiency of capital utilization compared to the previous year.
- In the most recent data available, by December 31, 2024, the return on total capital improved to 9.72%, indicating a recovery in capital efficiency compared to the previous year.
Overall, the trend in Onto Innovation Inc's return on total capital shows some fluctuations, with improvements in certain years and declines in others. It is essential for the company to consistently monitor and manage its capital effectively to ensure sustainable profitability and growth in the long term.
Peer comparison
Dec 31, 2024