Onto Innovation Inc (ONTO)
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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 187,104 | 172,873 | 153,807 | 129,781 | 116,078 | 149,060 | 174,361 | 207,005 | 236,714 | 225,357 | 209,176 | 187,666 | 156,407 | 67,909 | 34,065 | 6,054 | -26,677 | -11,393 | -15,385 | -17,897 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,925,880 | 1,903,520 | 1,831,680 | 1,781,550 | 1,736,540 | 1,696,140 | 1,656,710 | 1,624,620 | 1,596,430 | 1,569,370 | 1,527,940 | 1,472,320 | 1,426,060 | 1,373,550 | 1,329,560 | 1,292,310 | 1,264,750 | 1,237,680 | 1,221,210 | 1,225,800 |
| Return on total capital | 9.72% | 9.08% | 8.40% | 7.28% | 6.68% | 8.79% | 10.52% | 12.74% | 14.83% | 14.36% | 13.69% | 12.75% | 10.97% | 4.94% | 2.56% | 0.47% | -2.11% | -0.92% | -1.26% | -1.46% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $187,104K ÷ ($—K + $1,925,880K)
= 9.72%
The return on total capital for Onto Innovation Inc has shown a fluctuating trend over the past few years. Starting from negative percentages in early 2020, the company gradually improved its return on total capital, reaching positive figures by March 2021. Subsequently, there was a consistent upward trajectory in the return on total capital, peaking at 14.83% by December 2022. However, there was a slight decline in the following quarters, with the return on total capital hovering around the 6-9% range towards the end of 2024. Overall, Onto Innovation Inc has demonstrated a significant improvement in its return on total capital over the period under review, showcasing a positive trend in capital efficiency.
Peer comparison
Dec 31, 2024