Liveramp Holdings Inc (RAMP)

Return on total capital

		Mar 31, 2024	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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	11,404	-21,448	-60,598	-97,928	-125,800	-106,642	-96,479	-73,539	-65,538	-89,477	-91,472	-112,142	-120,548	-109,429	-135,133	-158,554	-180,922	-189,821	-196,547	-184,473
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	949,135	946,490	921,858	918,531	926,076	911,609	960,069	1,005,750	1,063,060	1,070,410	1,072,950	1,080,600	1,080,680	1,058,500	1,050,860	1,058,290	1,087,510	1,142,540	1,186,360	1,272,160
Return on total capital		1.20%	-2.27%	-6.57%	-10.66%	-13.58%	-11.70%	-10.05%	-7.31%	-6.17%	-8.36%	-8.53%	-10.38%	-11.15%	-10.34%	-12.86%	-14.98%	-16.64%	-16.61%	-16.57%	-14.50%

March 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $11,404K ÷ ($—K + $949,135K)
= 1.20%

Liveramp Holdings Inc has shown a fluctuating trend in its return on total capital over the past few quarters. The company's return on total capital has been negative for most of the periods, indicating that it may not have been effectively utilizing its capital to generate profits. The return on total capital ranged from a low of -16.64% to a high of 1.20% over the period analyzed. The negative returns suggest that Liveramp Holdings Inc may have faced challenges in generating sufficient profits relative to the capital employed in its operations. This could signal potential inefficiencies in managing its capital investments and generating returns for its shareholders. The company may need to focus on improving its capital allocation strategies and operational efficiency to enhance its return on total capital in the future.