OSI Systems Inc (OSIS)
Return on total capital
| Jun 30, 2025 | Mar 31, 2025 | 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 | 97,625 | 160,443 | 204,001 | 197,730 | 189,061 | 183,394 | 166,368 | 139,538 | 136,498 | 118,904 | 114,462 | 118,057 | 123,218 | 117,515 | 119,801 | 111,913 | 103,926 | 98,491 | 89,935 | 101,656 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 951,084 | 879,325 | 825,830 | 786,495 | 863,483 | 813,413 | 770,443 | 724,457 | 726,165 | 666,917 | 647,754 | 624,653 | 638,424 | 618,494 | 620,148 | 623,312 | 639,820 | 615,893 | 587,636 | 557,540 |
| Return on total capital | 10.26% | 18.25% | 24.70% | 25.14% | 21.90% | 22.55% | 21.59% | 19.26% | 18.80% | 17.83% | 17.67% | 18.90% | 19.30% | 19.00% | 19.32% | 17.95% | 16.24% | 15.99% | 15.30% | 18.23% |
June 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $97,625K ÷ ($—K + $951,084K)
= 10.26%
The trend in OSI Systems Inc’s return on total capital over the analyzed period reflects significant fluctuations, with periods of both growth and decline. Starting from a relatively high level of 18.23% as of September 30, 2020, the ratio experienced a notable decline, reaching a low of 15.30% by December 31, 2020. Subsequent quarters saw a gradual recovery, with the ratio increasing to 17.95% at the end of September 2021 and further improving to 19.32% by the end of 2021.
Throughout 2022, the ratio remained relatively stable, in the vicinity of approximately 19%, with minor variations, peaking slightly at 19.30% in June 2022 and slightly dipping to 17.67% in December 2022. During 2023, the ratio exhibited an upward trajectory, reaching a peak of 22.55% on March 31, 2024, which was the highest point within this timeframe, followed by a slight decline to 21.90% in June and 25.14% in September 2024, indicating an improving efficiency in generating returns from total capital employed.
However, in the subsequent periods in 2025, the ratio shows a decreasing trend, with a notable decline to 10.26% as of June 30, 2025, after an earlier low of 18.25% in March 2025. The sharp decrease at this later stage suggests a reduction in the company's efficiency or profitability relative to its total capital during this period.
Overall, the data indicates that OSI Systems Inc experienced periods of both expansion and contraction in its return on total capital, with an overall upward trend culminating in 2024, before a marked decline in mid-2025. The fluctuations are indicative of varying operational performance, capital efficiency, or changes in strategic priorities over the analyzed timeframe.
Peer comparison
Jun 30, 2025