Standard Motor Products Inc (SMP)

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	109,963	113,191	124,177	123,104	128,951	135,750	121,295	117,019	116,817	126,639	133,215	135,376	134,879	140,227	150,237	131,610	116,179	103,183	82,998	98,640
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	615,745	638,833	640,018	639,150	635,064	629,348	629,673	621,644	610,020	599,387	601,586	611,871	601,580	587,018	583,616	556,940	550,236	544,904	510,656	496,613
Return on total capital		17.86%	17.72%	19.40%	19.26%	20.31%	21.57%	19.26%	18.82%	19.15%	21.13%	22.14%	22.12%	22.42%	23.89%	25.74%	23.63%	21.11%	18.94%	16.25%	19.86%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $109,963K ÷ ($—K + $615,745K)
= 17.86%

Standard Motor Products Inc's return on total capital has shown fluctuation over the past few years, ranging from a low of 16.25% in June 2020 to a high of 25.74% in June 2021. Overall, the company has maintained a relatively strong performance in terms of return on total capital, with the latest reported figure for December 2024 at 17.86%. This indicates that the company is effectively generating returns from its total capital base, although there has been a slight decline in performance in recent periods compared to the peak levels seen in mid-2021. Investors and analysts may want to monitor future developments to assess whether the company can sustain its historical performance or if there are potential factors impacting its return on total capital.