Performance Food Group Co (PFGC)
Return on total capital
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 808,500 | 822,300 | 801,100 | 762,000 | 663,900 | 576,100 | 480,800 | 350,000 | 268,300 | 213,400 | 219,800 | 207,100 | -99,400 | -149,700 | -132,000 | -105,300 | 219,300 | 304,800 | 296,400 | 283,700 |
| Long-term debt | US$ in thousands | 3,215,400 | 3,502,000 | 3,710,500 | 3,460,100 | 3,532,400 | 3,679,500 | 3,664,000 | 3,908,800 | 3,721,100 | 3,846,800 | 3,669,700 | 2,240,500 | 2,149,100 | 2,507,800 | 2,551,400 | 2,249,300 | 3,186,400 | 2,188,400 | 2,212,100 | 1,202,900 |
| Total stockholders’ equity | US$ in thousands | 3,953,400 | 3,861,700 | 3,828,300 | 3,745,500 | 3,581,700 | 3,496,500 | 3,400,700 | 3,299,500 | 3,204,500 | 3,160,900 | 3,123,500 | 2,106,100 | 2,057,700 | 2,046,900 | 2,020,700 | 2,010,600 | 1,823,200 | 1,378,500 | 1,333,100 | 1,298,200 |
| Return on total capital | 11.28% | 11.17% | 10.63% | 10.58% | 9.33% | 8.03% | 6.81% | 4.86% | 3.87% | 3.05% | 3.24% | 4.76% | -2.36% | -3.29% | -2.89% | -2.47% | 4.38% | 8.55% | 8.36% | 11.34% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $808,500K ÷ ($3,215,400K + $3,953,400K)
= 11.28%
Performance Food Group Co's return on total capital has shown a mostly positive trend over the past few quarters. The company's return on total capital increased from -3.29% in Sep 30, 2020, to 11.28% in Mar 31, 2024. This indicates an improvement in the company's ability to generate profits from its invested capital.
The consistent increase in return on total capital from negative values to double-digit percentages suggests that Performance Food Group Co has been effectively utilizing its capital to generate returns for its shareholders. The trend indicates improving profitability and efficiency in capital allocation within the company.
Overall, the positive trend in return on total capital reflects positively on Performance Food Group Co's financial performance and management effectiveness in utilizing its resources to generate returns for its stakeholders.
Peer comparison
Mar 31, 2024