Transdigm Group Incorporated (TDG)
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 | 3,531,000 | 3,444,000 | 3,293,000 | 3,121,000 | 2,924,000 | 2,709,000 | 2,525,000 | 2,350,000 | 2,215,000 | 2,109,000 | 1,957,000 | 1,831,000 | 1,691,000 | 1,468,000 | 1,307,000 | 1,505,000 | 1,750,000 | 2,052,000 | 2,189,000 | 2,065,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 19,394,000 | 19,384,000 | 19,410,000 | 17,933,000 | 17,952,000 |
| Total stockholders’ equity | US$ in thousands | -6,290,000 | -2,518,000 | -3,029,000 | -3,513,000 | -1,984,000 | -2,394,000 | -2,901,000 | -3,336,000 | -3,773,000 | -2,976,000 | -2,899,000 | -2,633,000 | -2,916,000 | -3,138,000 | -3,528,000 | -3,728,000 | -3,972,000 | -4,183,000 | -4,209,000 | -4,303,000 |
| Return on total capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 9.61% | 11.35% | 13.48% | 15.95% | 15.13% |
September 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $3,531,000K ÷ ($—K + $-6,290,000K)
= —
Transdigm Group Incorporated's Return on Total Capital has shown a decreasing trend over the past two years, declining from 15.13% in December 2019 to 9.61% in September 2020. However, there was a slight increase to 11.35% in December 2020, followed by a subsequent decrease to 9.61% in September 2021. The Return on Total Capital then improved to 15.95% in December 2022 before declining again to 13.48% in March 2023 and further to 11.35% in June 2023. It remained at this level until September 2023.
Thereafter, there was insufficient data available to provide a detailed analysis for the period from December 2023 to September 2024. Overall, the trend highlights fluctuations in the company's ability to generate returns relative to its total capital investment over the specified period.