Standex International Corporation (SXI)
Return on total capital
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 99,150 | 100,785 | 167,424 | 169,960 | 169,193 | 159,556 | 95,887 | 89,491 | 87,067 | 89,868 | 70,837 | 65,565 | 56,663 | 41,401 | 35,160 | 35,990 | 40,727 | 53,572 | 88,583 | 91,967 |
| Long-term debt | US$ in thousands | 148,876 | 148,768 | 148,659 | 148,550 | 173,441 | 173,333 | 187,500 | 198,915 | 174,830 | 199,745 | 199,660 | 199,575 | 199,490 | 200,117 | 200,032 | 199,947 | 199,150 | 212,065 | 186,980 | 188,895 |
| Total stockholders’ equity | US$ in thousands | 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 | 461,632 | 466,804 | 489,604 | 472,921 |
| Return on total capital | 12.87% | 13.13% | 21.77% | 22.87% | 21.67% | 20.49% | 13.37% | 12.96% | 12.91% | 12.36% | 9.80% | 9.20% | 8.03% | 6.06% | 5.04% | 5.32% | 6.16% | 7.89% | 13.09% | 13.90% |
June 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $99,150K ÷ ($148,876K + $621,503K)
= 12.87%
Standex International Corporation's return on total capital has shown some fluctuations over the past several quarters. The return on total capital ranged from a low of 5.04% in March 2021 to a high of 22.87% in September 2023. The trend indicates a generally positive performance in generating returns relative to the total capital employed in the business.
There was a notable increase in return on total capital in the fourth quarter of 2023, reaching 21.77%, followed by a peak of 22.87% in the first quarter of 2024. This suggests that the company was able to efficiently utilize its capital to generate higher returns during this period.
However, it is important to note that there was a slight decline in return on total capital in the most recent quarter, dropping to 12.87% in June 2024. This decrease may warrant further analysis to understand the factors influencing the change in performance.
Overall, Standex International Corporation's return on total capital has displayed varying levels of efficiency in generating returns on its total capital base, reflecting the company's ability to effectively deploy its resources to create value for its shareholders. Continued monitoring of this ratio will be essential to assess the company's financial health and performance over time.
Peer comparison
Jun 30, 2024