Revvity Inc. (RVTY)

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	Jul 5, 2020	Apr 5, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	801,582	861,889	932,684	1,109,269	758,645	921,073	995,811	1,087,497	1,335,883	1,512,657	1,559,784	1,393,377	947,111	550,112	383,686	296,304	300,574	316,535	333,012	331,541
Long-term debt	US$ in thousands	3,177,770	3,152,450	3,883,740	3,880,980	3,923,350	3,898,270	4,484,310	4,863,980	4,979,740	5,099,080	2,348,520	2,219,670	1,609,700	1,492,630	1,625,000	2,010,520	2,064,040	1,750,920	2,104,470	1,848,940
Total stockholders’ equity	US$ in thousands	7,872,740	7,694,280	7,869,960	8,033,810	7,382,880	7,065,200	7,167,160	7,186,340	7,141,240	6,958,580	4,239,810	4,002,300	3,735,490	3,231,680	2,967,460	2,759,750	2,813,820	2,706,800	2,706,870	2,638,470
Return on total capital		7.25%	7.95%	7.94%	9.31%	6.71%	8.40%	8.55%	9.02%	11.02%	12.55%	23.67%	22.39%	17.72%	11.64%	8.35%	6.21%	6.16%	7.10%	6.92%	7.39%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $801,582K ÷ ($3,177,770K + $7,872,740K)
= 7.25%

Revvity Inc.'s return on total capital has shown a declining trend from Q1 2022 to Q4 2023. The return on total capital decreased significantly from 9.49% in Q1 2022 to 2.55% in Q4 2023. This downward trend indicates that the company's ability to generate returns from its total capital has weakened over the quarters. It is important for Revvity Inc. to closely monitor and assess the factors affecting its return on total capital in order to identify areas for improvement and enhance the overall efficiency and profitability of its operations.