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.