ePlus inc (PLUS)

Return on total capital

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 164,870 167,107 147,932 108,843
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 977,623 901,779 782,265 660,738 562,410
Return on total capital 0.00% 18.28% 21.36% 22.39% 19.35%

March 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $977,623K)
= 0.00%

ePlus inc's return on total capital has shown fluctuations over the past five years based on the data provided. The return on total capital was 19.35% as of March 31, 2021, improving to 22.39% by March 31, 2022, indicating the company's ability to generate profits relative to the total capital invested.

The trend continued positively with a return on total capital of 21.36% as of March 31, 2023. However, there was a slight decline in performance with a return on total capital of 18.28% by March 31, 2024. Notably, there was a significant drop to 0.00% by March 31, 2025, which suggests a potential issue with capital allocation or profitability during that period.

Overall, while ePlus inc has demonstrated an ability to generate returns above the cost of capital in recent years, the sudden drop in return on total capital in the latest year may require further analysis to understand the underlying factors influencing the company's financial performance.


Peer comparison

Mar 31, 2025

Company name
Symbol
Return on total capital
ePlus inc
PLUS
0.00%
ScanSource Inc
SCSC
8.52%