Proto Labs Inc (PRLB)
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 | 28,167 | -97,360 | -101,717 | -102,124 | -97,983 | 32,199 | 33,068 | 43,971 | 40,342 | 38,283 | 49,025 | 47,272 | 59,836 | 68,407 | 72,011 | 77,233 | 79,856 | 80,449 | 84,207 | 86,618 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 695,295 | 684,922 | 682,685 | 683,137 | 697,648 | 810,846 | 820,698 | 832,035 | 828,493 | 824,621 | 831,977 | 813,431 | 644,356 | 625,821 | 601,249 | 587,740 | 585,790 | 564,097 | 558,113 | 542,795 |
| Return on total capital | 4.05% | -14.21% | -14.90% | -14.95% | -14.04% | 3.97% | 4.03% | 5.28% | 4.87% | 4.64% | 5.89% | 5.81% | 9.29% | 10.93% | 11.98% | 13.14% | 13.63% | 14.26% | 15.09% | 15.96% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $28,167K ÷ ($—K + $695,295K)
= 4.05%
Proto Labs Inc's return on total capital has fluctuated over the past eight quarters. The company's return on total capital ranged from a low of 2.60% in Q2 2023 to a high of 5.27% in Q1 2022. The trend indicates a general decrease in return on total capital from Q1 2022 to Q2 2023, followed by a slight increase in Q3 2023 and then a further increase in Q4 2023.
While the return on total capital has shown some volatility, it is important to compare the company's performance to industry benchmarks and historical data to gain a better understanding of its overall financial health. Further analysis of the factors influencing the return on total capital, such as profitability, efficiency, and capital structure, will provide valuable insights into Proto Labs Inc's financial performance and sustainability.
Peer comparison
Dec 31, 2023