Boston Beer Company Inc (SAM)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 75,973 | 106,075 | 121,744 | 129,299 | 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 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 916,187 | 1,014,160 | 1,040,540 | 1,046,730 | 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 |
| Return on total capital | 8.29% | 10.46% | 11.70% | 12.35% | 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% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $75,973K ÷ ($—K + $916,187K)
= 8.29%
The return on total capital for Boston Beer Company Inc has fluctuated over the quarters reported. It increased steadily from March 2020 to June 2021, reaching a peak of 29.09%. However, it then experienced a significant decline, dropping to 0.81% by December 2021 and turning negative in the following quarters. Despite a brief recovery in the first half of 2023, the return on total capital began to stabilize around 10% in the latter part of 2023 and into 2024. The company's ability to generate returns from its total capital has shown volatility, indicating fluctuations in performance and efficiency in capital utilization. It is essential for investors and stakeholders to closely monitor these trends to assess the company's financial health and long-term sustainability.
Peer comparison
Dec 31, 2024