SPX Corp (SPXC)
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 | 329,300 | 293,800 | 273,400 | 240,500 | 220,100 | 146,700 | 99,300 | 72,500 | 33,700 | 65,300 | 96,200 | 86,000 | 112,000 | 127,100 | 105,200 | 105,200 | 84,800 | 93,500 | 102,500 | 110,600 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,384,400 | 1,358,200 | 1,283,800 | 1,237,500 | 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 | 1,060,300 | 728,200 | 660,800 | 629,200 | 583,100 | 552,100 | 515,100 |
| Return on total capital | 23.79% | 21.63% | 21.30% | 19.43% | 18.42% | 12.79% | 8.47% | 6.44% | 3.12% | 6.05% | 8.84% | 7.71% | 10.16% | 11.99% | 14.45% | 15.92% | 13.48% | 16.03% | 18.57% | 21.47% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $329,300K ÷ ($—K + $1,384,400K)
= 23.79%
SPX Corp's return on total capital has shown fluctuations over the periods provided. The ratio decreased from 21.47% as of March 31, 2020, to 3.12% as of December 31, 2022, indicating a significant decline in the company's ability to generate returns on its total capital during this period.
However, there was a recovery in the ratio starting from March 31, 2023, where it increased to 6.44% and continued to show an upward trend in the following quarters. As of December 31, 2024, SPX Corp's return on total capital had reached 23.79%, showing a significant improvement compared to the previous periods.
Overall, SPX Corp's return on total capital demonstrates volatility over the analyzed timeframe, with periods of both decline and recovery. Investors and stakeholders should closely monitor future developments in this ratio to assess the company's efficiency in generating returns relative to its total capital.
Peer comparison
Dec 31, 2024