Ufp Industries Inc (UFPI)

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	683,938	722,940	775,692	850,582	936,413	946,267	879,051	839,202	723,426	625,401	569,808	426,015	343,191	306,515	270,161	252,432	246,620	236,703	222,901	208,324
Long-term debt	US$ in thousands	233,534	273,308	274,821	275,002	275,154	275,417	276,315	379,015	277,567	310,119	571,856	426,310	311,607	311,267	161,057	160,550	160,867	162,853	187,471	266,428
Total stockholders’ equity	US$ in thousands	2,999,760	2,919,380	2,803,380	2,675,780	2,563,980	2,437,080	2,280,150	2,177,890	1,978,610	1,850,770	1,736,530	1,566,210	1,460,320	1,397,590	1,324,400	1,260,710	1,243,720	1,215,460	1,167,380	1,122,900
Return on total capital		21.15%	22.64%	25.20%	28.83%	32.98%	34.89%	34.39%	32.82%	32.06%	28.94%	24.68%	21.38%	19.37%	17.94%	18.19%	17.76%	17.56%	17.17%	16.45%	14.99%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $683,938K ÷ ($233,534K + $2,999,760K)
= 21.15%

The return on total capital for Ufp Industries Inc has shown a generally positive trend over the past few quarters, indicating the company's ability to generate profits from its invested capital. The return on total capital has increased steadily from 14.99% in Q1 2019 to 32.06% in Q1 2023, before declining slightly to 21.15% in Q4 2023. This suggests that the company has been effectively utilizing its capital to generate returns for shareholders. Overall, the upward trend in return on total capital reflects positively on the company's operational efficiency and profitability.