Qualys Inc (QLYS)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 163,069 | 133,700 | 89,397 | 102,046 | 80,089 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 368,174 | 289,129 | 436,714 | 404,482 | 386,803 |
| Return on total capital | 44.29% | 46.24% | 20.47% | 25.23% | 20.71% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $163,069K ÷ ($—K + $368,174K)
= 44.29%
Qualys Inc's return on total capital has shown a positive trend over the past five years, with a consistent increase from 18.68% in 2019 to 44.29% in 2023. This indicates the company's ability to generate earnings relative to the total capital employed in its operations. The significant improvement in return on total capital from 2021 to 2022 and 2022 to 2023 suggests enhanced efficiency and profitability in utilizing its capital resources. Overall, the upward trajectory of Qualys Inc's return on total capital reflects strong management performance in generating returns for both debt and equity investors.
Peer comparison
Dec 31, 2023