Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 543,400 | 553,400 | 561,000 | 576,900 | 577,900 | 582,400 | 599,600 | 584,100 | 582,200 | |||
| Long-term debt | US$ in thousands | 2,189,000 | 2,348,200 | 2,422,400 | 2,521,600 | 2,585,700 | 2,635,900 | 2,599,200 | 2,584,500 | 2,583,800 | 2,583,100 | 1,982,500 | 1,981,800 |
| Total stockholders’ equity | US$ in thousands | 890,400 | 759,500 | 696,500 | 636,300 | 576,500 | 497,300 | 499,300 | 548,200 | 569,900 | 470,600 | 345,500 | 264,300 |
| Return on total capital | 17.65% | 17.81% | 17.99% | 18.27% | 18.28% | 18.59% | 19.35% | 18.65% | 18.46% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $543,400K ÷ ($2,189,000K + $890,400K)
= 17.65%
Vontier Corporation's return on total capital has been relatively stable over the past eight quarters, ranging from 17.06% to 19.29%. The company's ability to generate returns on the total capital employed in its operations indicates efficiency in utilizing its resources to generate profits. The consistency of these returns suggests that Vontier is effectively managing its capital investments and operational expenses. However, the slight fluctuations in the return on total capital may indicate changes in the company's operating performance or capital structure over the periods analyzed. Overall, Vontier Corporation's consistent and relatively high return on total capital reflects a solid financial position and effective strategic management.
Peer comparison
Dec 31, 2023