Vicor Corporation (VICR)
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 | 51,358 | 52,128 | 39,428 | 32,863 | 27,201 | 27,983 | 36,951 | 45,662 | 55,602 | 58,306 | 52,437 | 34,461 | 17,368 | 6,658 | 6,607 | 6,955 | 13,821 | 19,940 | 26,931 | 32,866 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 540,869 | 528,548 | 500,777 | 480,405 | 464,088 | 452,624 | 444,863 | 431,906 | 423,599 | 411,355 | 392,586 | 370,164 | 350,820 | 337,262 | 326,324 | 206,681 | 205,562 | 202,269 | 193,863 | 190,243 |
| Return on total capital | 9.50% | 9.86% | 7.87% | 6.84% | 5.86% | 6.18% | 8.31% | 10.57% | 13.13% | 14.17% | 13.36% | 9.31% | 4.95% | 1.97% | 2.02% | 3.37% | 6.72% | 9.86% | 13.89% | 17.28% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $51,358K ÷ ($—K + $540,869K)
= 9.50%
Based on the provided data, Vicor Corp.'s return on total capital has displayed variability over the past eight quarters. The return on total capital ranged from a low of 7.26% in Q4 2022 to a high of 10.62% in Q1 2022.
The trend in return on total capital appears to have fluctuated within a relatively narrow range during this period, with the most recent data showing a return of 9.50% in Q4 2023. This indicates that the company's ability to generate profit from its total capital base has been relatively stable.
Overall, Vicor Corp.'s return on total capital seems to have exhibited a moderate level of consistency, navigating through fluctuations but generally remaining within a competitive range compared to industry benchmarks. Further analysis could be conducted to understand the factors influencing these fluctuations and to assess the company's efficiency in utilizing its total capital effectively over time.
Peer comparison
Dec 31, 2023