SPX Corp (SPXC)
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 | 158,700 | 16,800 | 449,400 | 122,200 | 98,800 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,194,600 | 1,079,200 | 1,102,900 | 640,100 | 511,500 |
| Return on total capital | 13.28% | 1.56% | 40.75% | 19.09% | 19.32% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $158,700K ÷ ($—K + $1,194,600K)
= 13.28%
The return on total capital for SPX Corp has displayed fluctuating trends over the past five years. In 2023, the return on total capital was 13.28%, showing an improvement from the previous year's 1.56%. Despite this increase, the return in 2023 remains lower compared to the exceptionally high return of 40.75% recorded in 2021. It is worth noting that the return in 2020 and 2019 were relatively consistent at 19.09% and 19.32% respectively. Overall, the return on total capital for SPX Corp has varied significantly in recent years, indicating potential volatility or changes in the company's financial performance and capital utilization strategies.
Peer comparison
Dec 31, 2023