Vericel Corp Ord (VCEL)
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 | 11,124 | 5,264 | 2,215 | 1,873 | -1,768 | -9,172 | -11,827 | -15,899 | -15,622 | -18,257 | -16,736 | -11,506 | -7,578 | 3,191 | 11,741 | 7,186 | 5,628 | 928 | -92 | -12,366 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 291,967 | 257,472 | 242,977 | 233,896 | 225,952 | 204,380 | 198,928 | 193,978 | 192,272 | 177,837 | 174,816 | 172,485 | 170,462 | 156,780 | 151,092 | 140,209 | 134,260 | 114,630 | 107,596 | 110,452 |
| Return on total capital | 3.81% | 2.04% | 0.91% | 0.80% | -0.78% | -4.49% | -5.95% | -8.20% | -8.12% | -10.27% | -9.57% | -6.67% | -4.45% | 2.04% | 7.77% | 5.13% | 4.19% | 0.81% | -0.09% | -11.20% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $11,124K ÷ ($—K + $291,967K)
= 3.81%
Vericel Corp Ord's return on total capital has shown fluctuations over the periods analyzed. The return on total capital was negative for a significant part of the data range, with the lowest point recorded at -11.20% on March 31, 2020. However, there has been a gradual improvement in the return on total capital since then, with positive values starting to appear consistently by December 31, 2020.
The return on total capital reached its peak at 7.77% on June 30, 2021, after which it experienced some decline, particularly in the second half of 2022 and the first half of 2023. There was a slight recovery in the return on total capital by the end of 2023.
By the end of the data range on December 31, 2024, Vericel Corp Ord's return on total capital had shown an improvement from the lows observed in the previous years, standing at 3.81%. It is essential for the company to continue monitoring its return on total capital to ensure sustainable profitability and efficient utilization of its capital resources.
Peer comparison
Dec 31, 2024