Vishay Intertechnology Inc (VSH)
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 | 490,840 | 536,501 | 617,999 | 630,325 | 608,961 | 594,526 | 530,369 | 499,981 | 451,181 | 386,952 | 319,333 | 235,827 | 189,023 | 155,026 | 154,584 | 195,490 | 259,127 | 349,479 | 434,386 | 461,318 |
| Long-term debt | US$ in thousands | 818,188 | 817,257 | 639,668 | 566,755 | 500,937 | 458,120 | 463,302 | 456,484 | 455,666 | 454,848 | 454,031 | 453,213 | 394,886 | 392,290 | 438,494 | 552,096 | 499,147 | 496,262 | 519,863 | 492,830 |
| Total stockholders’ equity | US$ in thousands | 2,196,080 | 2,138,280 | 2,210,620 | 2,143,010 | 2,046,250 | 1,896,800 | 1,837,420 | 1,812,780 | 1,743,750 | 1,725,520 | 1,657,020 | 1,565,450 | 1,576,220 | 1,536,640 | 1,496,380 | 1,467,120 | 1,485,150 | 1,485,500 | 1,489,950 | 1,449,140 |
| Return on total capital | 16.28% | 18.15% | 21.68% | 23.26% | 23.91% | 25.25% | 23.05% | 22.03% | 20.51% | 17.75% | 15.13% | 11.68% | 9.59% | 8.04% | 7.99% | 9.68% | 13.06% | 17.63% | 21.61% | 23.76% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $490,840K ÷ ($818,188K + $2,196,080K)
= 16.28%
The return on total capital for Vishay Intertechnology, Inc. has exhibited a downward trend over the past quarters, decreasing from 24.16% in Q4 2022 to 16.13% in Q4 2023. This decline suggests a decreasing efficiency in generating returns from the total capital employed by the company. The highest return on total capital was observed in Q2 2023 at 21.46%, indicating a temporary improvement in the company's capital utilization efficiency.
Overall, the company's return on total capital has shown some volatility over the past quarters, with fluctuations between 16.13% and 25.56%. Further analysis of the underlying financial and operational performance of Vishay Intertechnology, Inc. would be necessary to determine the factors influencing these fluctuations and to assess the company's overall capital utilization effectiveness.
Peer comparison
Dec 31, 2023