STERIS plc (STE)

Return on total capital

		Mar 31, 2025	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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	668,042	935,259	909,304	896,591	890,965	849,150	816,666	308,350	267,235	135,278	151,787	571,085	405,113	474,552	302,499	336,531	468,254	469,073	578,877	558,475
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	6,615,760	6,416,100	6,593,490	6,354,600	6,302,160	6,415,400	6,189,170	6,178,370	6,087,170	6,048,520	5,802,060	6,419,130	6,544,640	6,623,670	6,544,930	6,574,580	3,891,470	3,878,190	3,662,460	3,489,710
Return on total capital		10.10%	14.58%	13.79%	14.11%	14.14%	13.24%	13.20%	4.99%	4.39%	2.24%	2.62%	8.90%	6.19%	7.16%	4.62%	5.12%	12.03%	12.10%	15.81%	16.00%

March 31, 2025 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $668,042K ÷ ($—K + $6,615,760K)
= 10.10%

The return on total capital for STERIS plc has fluctuated over the periods indicated. From June 30, 2020, to March 31, 2023, the return on total capital exhibited a decreasing trend, dropping from 16.00% to 4.39%. However, there was a notable upturn from June 30, 2023, reaching 14.14% by March 31, 2024. Subsequently, the return remained relatively stable between the range of 13.79% to 14.58% until December 31, 2024.

Overall, the return on total capital indicates the company's efficiency in generating profits from its overall capital base. The fluctuations observed during these periods may be indicative of changes in the company's capital structure, profitability, or efficiency of capital utilization. Monitoring this ratio over time can provide insights into STERIS plc's performance and financial health in utilizing its total capital effectively.