Ross Stores Inc (ROST)

Return on total capital

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	2,545,876	2,333,647	2,193,789	2,106,348	2,068,015	1,957,594	2,008,749	2,159,163	2,333,677	2,244,531	1,887,126	1,296,466	194,312	384,916	704,149	1,169,518	2,173,995	2,131,728	2,094,764	2,065,541
Long-term debt	US$ in thousands	2,211,020	2,210,070	2,458,620	2,457,560	2,456,510	2,455,460	2,454,410	2,453,370	2,452,320	2,451,280	2,450,240	2,449,210	2,448,180	2,512,040	2,286,300	2,285,610	312,891	312,778	312,665	312,552
Total stockholders’ equity	US$ in thousands	4,871,330	4,582,960	4,454,740	4,310,400	4,288,580	4,147,000	4,126,950	4,053,900	4,060,050	3,983,220	3,903,990	3,652,820	3,290,640	3,019,040	2,867,200	2,817,390	3,359,250	3,276,780	3,296,260	3,267,530
Return on total capital		35.95%	34.35%	31.73%	31.12%	30.66%	29.65%	30.52%	33.18%	35.83%	34.88%	29.70%	21.25%	3.39%	6.96%	13.66%	22.92%	59.20%	59.39%	58.04%	57.70%

February 3, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,545,876K ÷ ($2,211,020K + $4,871,330K)
= 35.95%

Ross Stores Inc has demonstrated a consistent and strong return on total capital over the past several quarters. The trend shows an increasing pattern, reaching a peak of 35.95% in the most recent period. This indicates that the company has been effectively generating profits from the capital invested in its operations. The company's ability to generate a return of over 30% on its total capital consistently demonstrates efficiency in managing its assets and investments. The upward trend in return on total capital reflects positively on Ross Stores Inc's operational performance and financial health.