Vector Group Ltd (VGR)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 357,069 | 331,227 | 394,998 | 268,337 | 269,602 |
| Long-term debt | US$ in thousands | — | — | 1,398,590 | 1,393,730 | 1,397,220 |
| Total stockholders’ equity | US$ in thousands | -741,814 | -807,877 | -841,553 | -659,687 | -685,464 |
| Return on total capital | — | — | 70.91% | 36.56% | 37.88% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $357,069K ÷ ($—K + $-741,814K)
= —
Vector Group Ltd has shown a consistent and strong performance in terms of return on total capital over the past five years. The return on total capital has been increasing steadily from 24.95% in 2019 to 55.60% in 2023. This indicates that the company has been effectively utilizing its total capital to generate profits and create value for shareholders. The significant improvement in the return on total capital reflects the company's ability to efficiently deploy its resources and generate higher returns on investment. Overall, the trend in return on total capital for Vector Group Ltd suggests a positive performance and effective capital management over the years.
Peer comparison
Dec 31, 2023