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.
Peer comparison
Dec 31, 2023