ePlus inc (PLUS)
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 | 164,854 | 176,561 | 188,105 | 183,087 | 167,116 | 158,570 | 144,101 | 147,255 | 148,787 | 137,617 | 131,577 | 116,173 | 108,911 | 103,341 | 100,866 | 100,861 | 98,533 | 100,782 | 94,013 | 90,478 |
| Long-term debt | US$ in thousands | — | 12,233 | 9,717 | 5,005 | 9,522 | — | — | 3,878 | 5,792 | 7,689 | 9,360 | 11,016 | 12,658 | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 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 | 472,486 | 450,289 | 428,643 |
| Return on total capital | 18.28% | 19.84% | 21.99% | 22.37% | 21.11% | 21.24% | 20.42% | 21.65% | 22.32% | 21.27% | 21.12% | 19.54% | 18.94% | 18.96% | 19.28% | 20.06% | 20.27% | 21.33% | 20.88% | 21.11% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $164,854K ÷ ($—K + $901,779K)
= 18.28%
ePlus inc has shown varying levels of return on total capital over the past several quarters. The return on total capital ranged from a low of 18.28% to a high of 22.37% during the period in question. Overall, ePlus inc has demonstrated a consistent ability to generate returns on its total capital, with an average return of approximately 20.83% over the period. This indicates that the company is effectively utilizing its capital to generate profits. Additionally, there seems to be some fluctuations in the return on total capital over time, possibly influenced by changes in the company's operations, investments, or economic conditions. Overall, the company's return on total capital appears to be in line with industry standards and reflects its efficient use of capital resources.
Peer comparison
Mar 31, 2024