NCR Voyix Corporation (VYX)
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 | 166,000 | 600,000 | 589,000 | 557,000 | 493,000 | 573,000 | 496,000 | 471,000 | 521,000 | 118,000 | 100,000 | 104,000 | 86,000 | 348,000 | 404,000 | 465,000 | 482,000 | 462,000 | 415,000 | 139,000 |
| Long-term debt | US$ in thousands | 2,563,000 | 7,416,000 | 5,316,000 | 5,406,000 | 5,552,000 | 5,611,000 | 5,497,000 | 5,516,000 | 5,505,000 | 5,534,000 | 5,668,000 | 3,349,000 | 3,270,000 | 4,266,000 | 4,473,000 | 4,081,000 | 3,277,000 | 3,422,000 | 2,918,000 | 2,914,000 |
| Total stockholders’ equity | US$ in thousands | 25,000 | 1,372,000 | 1,555,000 | 1,489,000 | 1,480,000 | 1,445,000 | 1,370,000 | 1,323,000 | 1,256,000 | 1,183,000 | 1,154,000 | 1,096,000 | 1,048,000 | 1,195,000 | 1,120,000 | 1,024,000 | 1,104,000 | 726,000 | 542,000 | 449,000 |
| Return on total capital | 6.41% | 6.83% | 8.57% | 8.08% | 7.01% | 8.12% | 7.22% | 6.89% | 7.71% | 1.76% | 1.47% | 2.34% | 1.99% | 6.37% | 7.22% | 9.11% | 11.00% | 11.14% | 11.99% | 4.13% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $166,000K ÷ ($2,563,000K + $25,000K)
= 6.41%
The return on total capital of NCR Voyix Corporation has exhibited fluctuations over the past few quarters. From Dec 31, 2019, to Dec 31, 2023, the return on total capital ranged from 1.47% to 11.14%. The trend shows some variability, with the highest return occurring in Mar 31, 2019, at 11.14% and the lowest in Sep 30, 2021, at 1.47%. The return on total capital has generally been above 6% since Dec 31, 2019, with some quarters showing stronger performance compared to others. This suggests that the company's ability to generate profits relative to its total capital employed has been inconsistent but generally positive over the analyzed period.