Teledyne Technologies Incorporated (TDY)

Return on total capital

		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	Mar 31, 2020
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	1,075,300	1,103,300	1,067,000	967,000	945,700	914,800	899,500	876,600	856,300	728,800	629,000	490,000	405,700	408,100	381,100	400,700	398,100	387,200	393,600	417,200
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	9,549,400	9,594,200	9,319,700	9,328,000	9,221,200	8,721,900	8,579,000	8,365,700	8,158,200	7,662,900	7,871,800	7,832,400	7,622,000	7,416,600	7,312,400	3,336,300	3,228,600	3,026,000	2,879,900	2,753,000
Return on total capital		11.26%	11.50%	11.45%	10.37%	10.26%	10.49%	10.48%	10.48%	10.50%	9.51%	7.99%	6.26%	5.32%	5.50%	5.21%	12.01%	12.33%	12.80%	13.67%	15.15%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,075,300K ÷ ($—K + $9,549,400K)
= 11.26%

Teledyne Technologies Incorporated's return on total capital has shown some fluctuations over the reported periods. The trend indicates a gradual decline from 15.15% in March 2020 to 5.21% in June 2021, signifying a significant decrease. However, there has been a subsequent improvement in the return on total capital, reaching 11.26% in December 2024.

Overall, the return on total capital for Teledyne Technologies Incorporated seems to have stabilized between 10-11% in the most recent periods, suggesting a reasonable performance in utilizing its total capital to generate returns for shareholders and investors. It is important for the company to continue monitoring and managing its capital efficiency to sustain and potentially improve this metric in the future.