ePlus inc (PLUS)
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 | 141,224 | 147,942 | 150,308 | 162,212 | 176,577 | 184,947 | 183,525 | 169,557 | 161,263 | 149,968 | 149,692 | 149,221 | 137,685 | 131,636 | 116,050 | 108,788 | 103,818 | 101,352 | 101,347 | 99,953 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 962,340 | 946,997 | 921,928 | 901,779 | 877,753 | 845,696 | 813,291 | 782,265 | 746,420 | 705,645 | 676,288 | 660,738 | 639,296 | 613,603 | 583,619 | 562,410 | 545,009 | 523,070 | 502,725 | 486,145 |
| Return on total capital | 14.68% | 15.62% | 16.30% | 17.99% | 20.12% | 21.87% | 22.57% | 21.68% | 21.60% | 21.25% | 22.13% | 22.58% | 21.54% | 21.45% | 19.88% | 19.34% | 19.05% | 19.38% | 20.16% | 20.56% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $141,224K ÷ ($—K + $962,340K)
= 14.68%
ePlus inc's return on total capital has displayed some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 20.56% in March 2020, decreased slightly to 19.05% by December 2020, but then increased to 22.58% by March 2022. Thereafter, it remained above 20% until June 2023, reaching a peak of 22.57%. However, there was a decline in the ratio to 14.68% by December 31, 2024.
Overall, ePlus inc's return on total capital has shown volatility but generally stayed relatively healthy above 15% throughout the period. Investors and stakeholders may want to further investigate the factors behind the fluctuating performance to assess the company's capital utilization efficiency and profitability sustainability.
Peer comparison
Dec 31, 2024