ePlus inc (PLUS)
Return on total capital
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 111,981 | 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 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 977,623 | 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 |
| Return on total capital | 11.45% | 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% |
March 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $111,981K ÷ ($—K + $977,623K)
= 11.45%
Based on the data provided, ePlus inc's return on total capital has shown some fluctuations over the past few quarters. The return on total capital for the company was 20.16% as of June 30, 2020, and it remained relatively stable until March 31, 2021, ranging between 19.05% and 20.16%.
From June 30, 2021, the return on total capital started to show an increasing trend, reaching a peak of 22.58% as of March 31, 2022. This increase may indicate that the company was able to generate higher returns relative to its total capital employed during this period.
However, after March 31, 2022, there was a slight decline in the return on total capital, dropping to 21.87% by September 30, 2023. From there, the return on total capital continued to decrease, reaching 11.45% as of March 31, 2025.
Overall, the trend in ePlus inc's return on total capital indicates fluctuations in the company's ability to generate returns relative to the total capital employed. It is essential for investors and stakeholders to monitor these changes to assess the company's efficiency in utilizing its capital resources effectively.
Peer comparison
Mar 31, 2025