TXNM Energy, Inc. (TXNM)

Return on total capital

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 501,357 397,617 265,620 252,408 277,044 369,443 464,719 447,560 406,384 376,278 345,244 333,055 308,153 309,393 319,026 337,675 307,803 335,682 316,638 134,832
Long-term debt US$ in thousands — — — — — — — — — 3,893,500 3,573,090 3,620,040 3,519,580 3,395,980 3,186,050 2,205,130 2,719,630 2,509,750 2,437,250 2,468,720
Total stockholders’ equity US$ in thousands 2,547,910 2,471,510 2,414,280 2,367,260 2,360,620 2,246,740 2,273,770 2,223,720 2,203,460 2,201,880 2,131,520 2,115,530 2,167,520 2,144,950 2,088,230 2,030,970 2,049,460 1,773,320 1,696,500 1,627,220
Return on total capital 19.68% 16.09% 11.00% 10.66% 11.74% 16.44% 20.44% 20.13% 18.44% 6.17% 6.05% 5.81% 5.42% 5.58% 6.05% 7.97% 6.45% 7.84% 7.66% 3.29%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $501,357K ÷ ($—K + $2,547,910K)
= 19.68%

TXNM Energy, Inc.'s return on total capital has shown fluctuations over the period analyzed. The ratios ranged from a low of 3.29% on March 31, 2020, to a high of 20.44% on June 30, 2023, before gradually decreasing to 19.68% by December 31, 2024. The return on total capital has generally displayed positive growth trends, with occasional dips in performance. It is important for TXNM Energy to continue monitoring and managing its return on total capital to ensure sustainable financial health and growth in the long term.