Plexus Corp (PLXS)

Return on total capital

		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	Dec 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	158,380	161,916	149,831	178,688	192,555	200,489	222,082	200,646	174,136	154,263	143,164	158,792	174,693	181,741	191,269	158,884	151,568	139,106	126,905	140,812
Long-term debt	US$ in thousands	197,800	294,800	383,600	388,200	374,300	439,000	428,300	461,500	401,600	383,500	360,300	298,900	217,100	212,000	199,600	302,500	299,300	298,300	249,500	219,400
Total stockholders’ equity	US$ in thousands	1,324,820	1,266,360	1,259,760	1,266,760	1,214,380	1,184,360	1,182,380	1,150,260	1,095,730	1,058,190	1,040,590	1,044,100	1,028,230	1,020,450	1,013,950	1,006,960	977,480	944,821	892,558	908,372
Return on total capital		10.40%	10.37%	9.12%	10.80%	12.12%	12.35%	13.79%	12.45%	11.63%	10.70%	10.22%	11.82%	14.03%	14.75%	15.76%	12.13%	11.87%	11.19%	11.11%	12.49%

September 30, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $158,380K ÷ ($197,800K + $1,324,820K)
= 10.40%

Plexus Corp's return on total capital has shown some fluctuations over the past quarters, ranging from a high of 15.76% in March 2021 to a low of 9.12% in March 2024. The company's return on total capital has generally been above 10%, indicating that Plexus Corp has been able to generate a reasonable return on the total capital employed in its operations.

In recent quarters, the return on total capital has been relatively stable, with the latest figure for September 2024 standing at 10.40%. This suggests that Plexus Corp continues to effectively utilize its capital to generate profits for its shareholders.

Overall, while there have been fluctuations in Plexus Corp's return on total capital over the quarters, the company has maintained a generally healthy level of profitability relative to the capital invested in its business operations.