SPX Corp (SPXC)
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 | 158,700 | 85,400 | 86,400 | 56,900 | 16,800 | 46,900 | 381,700 | 429,700 | 449,600 | 469,200 | 161,600 | 128,800 | 125,900 | 130,500 | 129,400 | 123,100 | 98,800 | 108,800 | 93,700 | 93,600 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,194,600 | 1,146,900 | 1,172,600 | 1,126,100 | 1,079,200 | 1,079,700 | 1,088,600 | 1,115,800 | 1,102,900 | 1,070,800 | 739,500 | 671,700 | 640,100 | 583,100 | 552,100 | 515,100 | 511,500 | 461,300 | 436,700 | 415,300 |
| Return on total capital | 13.28% | 7.45% | 7.37% | 5.05% | 1.56% | 4.34% | 35.06% | 38.51% | 40.77% | 43.82% | 21.85% | 19.18% | 19.67% | 22.38% | 23.44% | 23.90% | 19.32% | 23.59% | 21.46% | 22.54% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $158,700K ÷ ($—K + $1,194,600K)
= 13.28%
The return on total capital for SPX Corp has shown fluctuations over the past years. It stood at 13.28% as of Dec 31, 2023, reflecting a moderate level of return on the company's total capital. This figure was an improvement compared to the previous quarter's return of 7.45% as of Sep 30, 2023.
Looking back further, the return on total capital varied significantly, with higher levels recorded in some quarters, such as Jun 30, 2022 (35.06%), Mar 31, 2022 (38.51%), and Dec 31, 2021 (40.77%). These quarters showcased strong returns on capital for the company.
On the other hand, there were periods of lower returns, as seen in Dec 31, 2019 (19.32%) and Mar 31, 2019 (19.32%). However, overall, the company has generally maintained a positive return on total capital, which indicates its ability to generate earnings from the capital invested in the business.
It is essential for investors and stakeholders to monitor these fluctuations in return on total capital to assess the company's financial performance and efficiency in utilizing its capital resources effectively.
Peer comparison
Dec 31, 2023