Insulet Corporation (PODD)

Return on total capital

		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	Mar 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	250,800	167,800	107,200	42,000	46,300	63,300	91,400	106,600	82,200	28,000	21,700	62,700	57,800	81,200	66,400	46,800	49,100	49,117	47,357	43,759
Long-term debt	US$ in thousands	—	—	1,368,600	1,368,800	1,374,300	1,379,800	1,385,200	1,390,500	1,248,800	1,257,000	1,235,200	1,051,600	1,043,700	921,500	910,200	899,000	887,900	985,771	607,351	599,601
Total stockholders’ equity	US$ in thousands	732,700	607,500	553,900	502,800	476,400	428,000	422,400	446,700	556,300	497,900	459,100	585,300	603,600	595,000	563,300	59,000	75,900	150,600	249,800	223,600
Return on total capital		34.23%	27.62%	5.58%	2.24%	2.50%	3.50%	5.06%	5.80%	4.55%	1.60%	1.28%	3.83%	3.51%	5.35%	4.51%	4.89%	5.09%	4.32%	5.52%	5.32%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $250,800K ÷ ($—K + $732,700K)
= 34.23%

Insulet Corporation's return on total capital has exhibited fluctuations over the past eight quarters. The return on total capital ranged from a low of 1.44% in Q1 2023 to a high of 10.24% in Q4 2023. The company's return on total capital gradually increased from Q1 2022 to Q4 2023, indicating an improving utilization of both equity and debt to generate profit. Despite fluctuations, the trend shows progress towards more efficient capital utilization and potentially enhanced shareholder value.setDescription