Thor Industries Inc (THO)
Return on total capital
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 448,722 | 596,831 | 1,549,520 | 937,128 | 381,808 |
| Long-term debt | US$ in thousands | 1,101,260 | 1,291,310 | 1,754,240 | 1,594,820 | 1,652,830 |
| Total stockholders’ equity | US$ in thousands | 4,067,430 | 3,976,020 | 3,592,860 | 2,921,840 | 2,319,780 |
| Return on total capital | 8.68% | 11.33% | 28.98% | 20.75% | 9.61% |
July 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $448,722K ÷ ($1,101,260K + $4,067,430K)
= 8.68%
Over the past five years, Thor Industries Inc's return on total capital has shown some fluctuation. In the most recent fiscal year ending on July 31, 2024, the return on total capital was 8.68%, which represents a decrease from the previous year's 11.33%. The return on total capital was notably higher in the fiscal years 2022 and 2021 at 28.98% and 20.75% respectively, indicating strong performance during those periods. However, in the fiscal year 2020, the return on total capital was recorded at 9.61%.
Overall, Thor Industries Inc has demonstrated varying levels of efficiency in generating returns from its total capital over the past five years, with the highest performance observed in 2022. It is essential for stakeholders to monitor this ratio to assess the company's effectiveness in utilizing its total capital resources to generate profits.
Peer comparison
Jul 31, 2024