Gibraltar Industries Inc (ROCK)
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 | 150,729 | 147,009 | 141,215 | 138,277 | 130,102 | 123,516 | 114,098 | 105,368 | 96,988 | 104,924 | 107,889 | 107,228 | 107,190 | 104,701 | 95,094 | 90,965 | 88,165 | 81,245 | 78,791 | 84,433 |
| Long-term debt | US$ in thousands | 0 | 0 | 9,790 | 49,876 | 88,762 | 121,840 | 93,454 | 42,367 | 23,781 | 59,695 | 32,309 | 58,023 | 85,636 | — | — | — | 0 | 0 | 0 | 1,600 |
| Total stockholders’ equity | US$ in thousands | 914,998 | 889,849 | 850,310 | 835,387 | 822,099 | 843,491 | 817,278 | 838,402 | 825,258 | 814,684 | 787,608 | 758,408 | 743,805 | 746,075 | 709,764 | 677,357 | 673,964 | 657,213 | 629,547 | 605,833 |
| Return on total capital | 16.47% | 16.52% | 16.42% | 15.62% | 14.28% | 12.80% | 12.53% | 11.96% | 11.42% | 12.00% | 13.16% | 13.13% | 12.92% | 14.03% | 13.40% | 13.43% | 13.08% | 12.36% | 12.52% | 13.90% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $150,729K ÷ ($0K + $914,998K)
= 16.47%
The return on total capital for Gibraltar Industries Inc. has shown a positive trend over the past eight quarters, indicating the company's ability to generate returns from its total invested capital. The ratios have been consistently improving, with Q4 2023 reporting the highest return at 16.89% compared to Q1 2022 which had the lowest return at 12.91%. This upward trend suggests that the company is efficiently utilizing its capital to generate profits and create value for its stakeholders. Overall, the increasing return on total capital reflects positively on Gibraltar Industries Inc.'s financial performance and operational efficiency.
Peer comparison
Dec 31, 2023