Skyworks Solutions Inc (SWKS)

Return on total capital

		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	Dec 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	667,000	860,300	958,600	1,037,300	1,143,200	1,271,100	1,358,200	1,445,000	1,524,500	1,438,200	1,451,600	1,461,600	1,585,400	1,551,300	1,356,500	1,180,500	886,900	854,700	870,300	908,400
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	1,326,400	1,297,300	1,346,800	1,401,400	1,502,400	1,523,100	1,521,700	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	6,336,700	6,336,400	6,359,200	6,227,200	6,082,700	5,877,900	5,732,900	5,549,900	5,469,000	5,294,600	5,188,600	5,334,200	5,297,100	5,002,800	4,712,300	4,414,900	4,164,200	4,182,400	4,142,800	4,267,300
Return on total capital		10.53%	13.58%	15.07%	16.66%	18.79%	21.63%	23.69%	21.01%	22.53%	21.66%	22.03%	21.38%	23.25%	23.78%	28.79%	26.74%	21.30%	20.44%	21.01%	21.29%

September 30, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $667,000K ÷ ($—K + $6,336,700K)
= 10.53%

Skyworks Solutions Inc's return on total capital has shown a fluctuating trend over the past several quarters. The ratio has generally been on an upward trajectory, peaking at 28.79% in the first quarter of 2021 and then gradually declining to 10.53% in the most recent quarter ending September 30, 2024. This suggests that the company has been effectively utilizing its capital resources to generate returns for shareholders, with periods of stronger performance followed by slight decreases. The downward trend in recent quarters may indicate potential challenges or changes in the company's operations or market conditions. Further analysis is needed to determine the factors driving these fluctuations and their implications for the company's financial health.