Boston Beer Company Inc (SAM)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 100,001 | 90,791 | 7,997 | 244,207 | 144,912 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,077,930 | 1,068,550 | 983,409 | 956,967 | 735,636 |
| Return on total capital | 9.28% | 8.50% | 0.81% | 25.52% | 19.70% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $100,001K ÷ ($—K + $1,077,930K)
= 9.28%
The return on total capital for Boston Beer Company Inc has fluctuated over the past five years. In 2023, the return on total capital was 9.28%, showing a slight increase compared to the previous year's 8.50%. However, it is still lower than the peak of 25.52% achieved in 2020. The return on total capital in 2021 was significantly lower at 0.81%, indicating a period of underperformance. The company's ability to generate returns on its total capital has varied, potentially influenced by factors such as operational efficiency, capital structure, and market conditions. Further analysis of the company's financial performance and strategic decisions may provide insights into the factors driving these fluctuations in return on total capital.
Peer comparison
Dec 31, 2023