Teleflex Incorporated (TFX)

Return on total capital

		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	Jun 30, 2019	Mar 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	517,850	561,109	521,427	512,143	500,406	527,366	635,646	616,132	616,692	555,600	447,023	370,178	423,749	447,966	433,769	502,760	419,658	423,140	387,458	313,210
Long-term debt	US$ in thousands	1,727,570	1,950,120	1,470,670	1,549,470	1,624,020	1,593,500	1,605,950	1,740,780	1,740,100	1,948,670	2,215,670	2,295,440	2,377,890	2,035,820	2,328,790	2,340,890	1,858,940	1,949,070	2,081,370	2,072,940
Total stockholders’ equity	US$ in thousands	4,440,990	4,314,050	4,215,090	4,110,250	4,021,970	3,895,160	3,852,730	3,795,530	3,754,750	3,657,870	3,466,100	3,375,790	3,336,460	3,236,200	3,097,400	3,073,020	2,979,320	2,852,980	2,664,840	2,569,880
Return on total capital		8.39%	8.96%	9.17%	9.05%	8.86%	9.61%	11.64%	11.13%	11.22%	9.91%	7.87%	6.53%	7.42%	8.50%	7.99%	9.29%	8.67%	8.81%	8.16%	6.75%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $517,850K ÷ ($1,727,570K + $4,440,990K)
= 8.39%

Teleflex Incorporated's return on total capital has shown some variability over the past eight quarters, ranging from a low of 8.96% in Q4 2022 to a high of 9.84% in Q2 2022. The return on total capital has generally been above 9% in most quarters, indicating the company's ability to generate value from the capital invested in its operations. Despite some fluctuations, the return on total capital has remained relatively stable around the 9% mark, reflecting consistency in the company's performance in terms of generating returns for its investors. Overall, Teleflex's return on total capital trend suggests that the company is effectively utilizing its capital to generate profits and create value for its shareholders.