TripAdvisor Inc (TRIP)

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	169,000	121,000	119,000	128,000	111,000	80,000	22,000	-77,000	-141,000	-196,000	-256,000	-393,000	-333,000	-220,000	-100,000	142,000	202,000	204,000	220,000	195,000
Long-term debt	US$ in thousands	839,000	839,000	838,000	837,000	836,000	836,000	835,000	834,000	833,000	832,000	832,000	831,000	491,000	490,000	700,000	700,000	—	—	—	—
Total stockholders’ equity	US$ in thousands	871,000	823,000	781,000	808,000	861,000	813,000	796,000	767,000	789,000	794,000	779,000	785,000	886,000	908,000	912,000	1,027,000	1,161,000	1,648,000	1,575,000	1,507,000
Return on total capital		9.88%	7.28%	7.35%	7.78%	6.54%	4.85%	1.35%	-4.81%	-8.69%	-12.05%	-15.89%	-24.32%	-24.18%	-15.74%	-6.20%	8.22%	17.40%	12.38%	13.97%	12.94%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $169,000K ÷ ($839,000K + $871,000K)
= 9.88%

The return on total capital for TripAdvisor Inc. has exhibited fluctuations over the past eight quarters. In Q4 2023, the return on total capital was 8.26%, showing an improvement compared to the previous quarter. This indicates that the company generated a return of 8.26% on its total capital during that period. The trend in the return on total capital shows variability with some quarters showing positive growth (e.g., Q4 2023, Q1 2023) and others showing declines (e.g., Q3 2022, Q2 2022). Overall, the return on total capital for TripAdvisor Inc. fluctuated between 8.26% in Q4 2023 and -4.19% in Q1 2022, suggesting varying levels of efficiency in generating returns on the total capital employed by the company.