Travel + Leisure Co (TNL)

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	742,000	719,000	717,000	705,000	682,000	708,000	685,000	656,000	623,000	512,000	396,000	139,000	-86,000	105,000	255,000	570,000	859,000	752,000	767,000	1,021,000
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	5,575,000	5,541,000	5,432,000	5,291,000
Total stockholders’ equity	US$ in thousands	-918,000	-1,008,000	-1,014,000	-984,000	-913,000	-911,000	-854,000	-819,000	-801,000	-857,000	-925,000	-983,000	-975,000	-1,000,000	-1,056,000	-897,000	-530,000	-576,000	-565,000	-589,000
Return on total capital		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	17.03%	15.15%	15.76%	21.71%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $742,000K ÷ ($—K + $-918,000K)
= —

Travel+Leisure Co's return on total capital has shown a consistent performance over the past eight quarters. The company's return on total capital has ranged from 14.36% to 15.82% during this period, indicating a relatively stable and healthy level of profitability relative to the capital employed. The highest return on total capital was recorded in Q4 2023 at 15.82%, while the lowest was in Q4 2022 at 14.36%.

Overall, Travel+Leisure Co's ability to generate returns on the total capital invested in its operations appears to be relatively strong and consistent, which may be a positive indicator of operational efficiency and financial stability. Continued monitoring of this ratio can provide valuable insights into the company's performance and financial health.