Qualys Inc (QLYS)

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 163,069 155,997 146,240 135,535 133,700 129,003 127,216 124,943 89,397 84,783 80,367 77,637 102,060 98,284 95,051 86,469 80,128 73,683 68,585 61,866
Long-term debt US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total stockholders’ equity US$ in thousands 368,174 322,917 277,018 267,822 289,129 355,186 396,838 426,635 436,714 402,986 392,995 397,108 404,482 400,299 407,774 386,730 386,803 361,023 383,598 373,403
Return on total capital 44.29% 48.31% 52.79% 50.61% 46.24% 36.32% 32.06% 29.29% 20.47% 21.04% 20.45% 19.55% 25.23% 24.55% 23.31% 22.36% 20.72% 20.41% 17.88% 16.57%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $163,069K ÷ ($—K + $368,174K)
= 44.29%

Qualys Inc has demonstrated a consistent improvement in its return on total capital over the past several quarters, indicating efficient utilization of its capital resources. The trend reveals a positive trajectory with the return on total capital increasing from 29.05% in Q1 2022 to 51.27% in Q2 2023, before slightly declining to 44.29% in Q4 2023. This pattern suggests that Qualys Inc has been effective in generating profits relative to the total capital invested in the company. Overall, the company's strong return on total capital performance reflects its ability to generate value for shareholders and optimize its capital structure.