Boston Beer Company Inc (SAM)
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 | 100,001 | 109,122 | 85,986 | 79,001 | 90,791 | 34,665 | -79,474 | -70,754 | 7,998 | 123,055 | 300,609 | 299,273 | 244,207 | 219,784 | 177,839 | 137,002 | 144,913 | 156,062 | 142,954 | 136,086 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,077,930 | 1,120,780 | 1,087,190 | 1,041,360 | 1,068,550 | 1,073,990 | 1,044,040 | 984,924 | 983,409 | 1,029,380 | 1,084,140 | 1,028,720 | 956,967 | 918,530 | 827,483 | 758,236 | 735,636 | 718,980 | 522,801 | 489,818 |
| Return on total capital | 9.28% | 9.74% | 7.91% | 7.59% | 8.50% | 3.23% | -7.61% | -7.18% | 0.81% | 11.95% | 27.73% | 29.09% | 25.52% | 23.93% | 21.49% | 18.07% | 19.70% | 21.71% | 27.34% | 27.78% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (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 few quarters, ranging from negative figures to double-digit percentages. Specifically, the return on total capital was relatively low in the first two quarters of 2022, with negative figures indicating a potential underperformance. However, the return on total capital showed improvement in the second half of 2022 and into 2023, reaching double-digit percentages in some quarters.
Overall, the return on total capital for Boston Beer Company Inc demonstrates variability and indicates the company's efficiency in generating profits relative to the total capital at its disposal. Further analysis of the factors driving these fluctuations would be necessary to provide a more detailed insight into the company's financial performance and capital management strategies.
Peer comparison
Dec 31, 2023