Standex International Corporation (SXI)
Return on total capital
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 92,743 | 86,083 | 86,555 | 107,369 | 112,292 | 111,052 | 113,306 | 113,410 | 111,524 | 110,380 | 107,785 | 104,535 | 100,856 | 97,412 | 92,348 | 84,924 | 77,306 | 66,811 | 61,173 | 61,784 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 711,677 | 686,928 | 656,034 | 658,021 | 621,503 | 618,982 | 620,571 | 594,639 | 607,449 | 605,550 | 529,417 | 491,690 | 499,343 | 527,620 | 523,450 | 512,730 | 506,425 | 482,653 | 498,190 | 476,568 |
| Return on total capital | 13.03% | 12.53% | 13.19% | 16.32% | 18.07% | 17.94% | 18.26% | 19.07% | 18.36% | 18.23% | 20.36% | 21.26% | 20.20% | 18.46% | 17.64% | 16.56% | 15.27% | 13.84% | 12.28% | 12.96% |
June 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $92,743K ÷ ($—K + $711,677K)
= 13.03%
The analysis of Standex International Corporation's return on total capital (ROTC) over the specified period reveals significant fluctuations and a general upward trend from September 2020 through the first half of 2023, followed by a notable decline and divergence in recent quarters.
Starting at 12.96% as of September 30, 2020, the ROTC exhibited a slight decrease to 12.28% by December 31, 2020, likely reflecting short-term operational or market adjustments. However, from March 31, 2021, onward, the ratio demonstrated a consistent upward trajectory, reaching 16.56% by September 30, 2021. This growth accelerated through 2022, with the ratio climbing to 21.26% by September 30, 2022, indicating improved profitability and efficient utilization of total capital during this period.
The upward momentum persisted into early 2023, peaking at 18.46% on March 31, 2022, and 20.20% on June 30, 2022, suggesting robust operational performance. The ratio slightly declined to 18.23% by March 31, 2023, but remained higher than the earlier levels.
Post mid-2023, the ROTC experienced a downward trend, moving from a peak of 19.07% on September 30, 2023, down to 13.19% by December 31, 2024. This decline continued into the subsequent quarters, reaching 12.53% on March 31, 2025, with a modest recovery to 13.03% by June 30, 2025.
Overall, the trend indicates that Standex's return on total capital improved markedly from late 2020 through mid-2023, reflecting enhanced operational efficiency, better capital management, or favorable market conditions during this period. The subsequent decline may suggest increased capital expenses, market challenges, or strategic shifts impacting the company's ability to generate returns from its invested capital. The recent data shows a stabilization and slight recovery, but the levels remain significantly below the peak observed in 2022.
Peer comparison
Jun 30, 2025