Sonos Inc (SONO)
Return on total capital
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 2,949 | -27,086 | -13,699 | 5,104 | -29,856 | -14,879 | 49,877 | 69,255 | 122,865 | 144,095 | 147,100 | 157,552 | 190,042 | 114,813 | 50,206 | -18,587 | -65,755 | -21,870 | 9,455 | 1,364 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 18,251 | 19,897 | 21,545 | 23,192 | 24,840 |
| Total stockholders’ equity | US$ in thousands | 464,391 | 494,004 | 594,409 | 518,657 | 590,210 | 612,914 | 633,354 | 560,513 | 642,736 | 671,684 | 679,607 | 569,042 | 587,127 | 579,268 | 510,209 | 297,839 | 261,199 | 299,804 | 367,279 | 280,928 |
| Return on total capital | 0.64% | -5.48% | -2.30% | 0.98% | -5.06% | -2.43% | 7.88% | 12.36% | 19.12% | 21.45% | 21.64% | 27.69% | 32.37% | 19.82% | 9.84% | -5.88% | -23.39% | -6.81% | 2.42% | 0.45% |
June 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,949K ÷ ($—K + $464,391K)
= 0.64%
Sonos Inc's return on total capital has fluctuated over the past few quarters. The return on total capital was positive in most periods, with the highest return observed in the March 31, 2022, quarter at 27.69%. However, there were also quarters where the company experienced negative returns, such as the March 31, 2020, and September 30, 2019, quarters.
Overall, the return on total capital for Sonos Inc has shown some volatility, with both positive and negative returns being recorded. It is important for the company to closely monitor and manage its capital utilization to ensure sustainable and positive returns in the future.
Peer comparison
Jun 30, 2024