Tootsie Roll Industries Inc (TR)
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 | 101,828 | 100,806 | 90,491 | 102,716 | 110,755 | 103,573 | 97,632 | 77,558 | 67,133 | 58,436 | 54,321 | 47,910 | 58,244 | 61,669 | 72,178 | 84,200 | 69,214 | 74,357 | 68,545 | 66,398 |
| Long-term debt | US$ in thousands | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 |
| Total stockholders’ equity | US$ in thousands | 823,422 | 803,874 | 785,376 | 791,691 | 783,171 | 783,601 | 769,276 | 769,759 | 769,042 | 756,762 | 752,819 | 758,816 | 763,327 | 760,965 | 752,608 | 751,732 | 759,854 | 758,329 | 742,804 | 744,828 |
| Return on total capital | 12.25% | 12.42% | 11.41% | 12.85% | 14.01% | 13.09% | 12.57% | 9.98% | 8.65% | 7.65% | 7.14% | 6.25% | 7.56% | 8.02% | 9.50% | 11.09% | 9.02% | 9.71% | 9.14% | 8.83% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $101,828K ÷ ($7,500K + $823,422K)
= 12.25%
Tootsie Roll Industries, Inc.'s return on total capital has shown some fluctuations over the past eight quarters. In Q1 2022, the return on total capital was at 9.96%, which then increased to 13.99% in Q4 2022, the highest point in the provided data. However, in the following quarters of 2023, the return on total capital fluctuated between 11.40% and 12.84%, showing a slight downward trend compared to the peak in Q4 2022.
Overall, Tootsie Roll Industries, Inc. has maintained a relatively stable return on total capital ranging from 9.96% to 13.99% over the past eight quarters. It is important for the company to continue monitoring and managing its capital effectively to ensure sustained profitability and efficiency in its operations.
Peer comparison
Dec 31, 2023