NCR Voyix Corporation (VYX)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 12,000 | -484,000 | -192,000 | -105,000 | -71,000 | 213,000 | 103,000 | 182,000 | 250,000 | 748,000 | 722,000 | 711,000 | 748,000 | 381,000 | 345,000 | 291,000 | 235,000 | 429,000 | 470,000 | 541,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,209,000 | 1,289,000 | 191,000 | 242,000 | 301,000 | 1,647,000 | 1,830,000 | 1,764,000 | 1,755,000 | 1,720,000 | 1,645,000 | 1,597,000 | 1,530,000 | 1,457,000 | 1,427,000 | 1,369,000 | 1,321,000 | 1,603,000 | 1,522,000 | 1,419,000 |
| Return on total capital | 0.99% | -37.55% | -100.52% | -43.39% | -23.59% | 12.93% | 5.63% | 10.32% | 14.25% | 43.49% | 43.89% | 44.52% | 48.89% | 26.15% | 24.18% | 21.26% | 17.79% | 26.76% | 30.88% | 38.13% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $12,000K ÷ ($—K + $1,209,000K)
= 0.99%
The return on total capital for NCR Voyix Corporation has demonstrated fluctuations over the period under review. Starting at a strong level of 38.13% as of March 31, 2020, the return gradually declined to 17.79% by December 31, 2020, reflecting a potential decrease in efficiency or profitability. However, the return improved in the following periods, reaching a peak of 48.89% by December 31, 2021, indicating a significant rebound.
Subsequently, the return remained relatively stable at around 40% for the next few quarters, suggesting sustained performance. However, a notable decline was observed by June 30, 2023, where the return dropped to 5.63%, potentially signaling challenges in capital utilization or profitability. The trend worsened significantly by September 30, 2024, with a negative return of -37.55%, suggesting potential operational difficulties.
The return on total capital then slightly recovered to 0.99% by December 31, 2024, indicating a possible attempt at improving performance. The negative returns in the latter part of the period may raise concerns about the company's long-term sustainability and profitability. Overall, a detailed assessment of operational and financial factors contributing to these variations would be necessary to ascertain the underlying reasons for the fluctuations in the return on total capital.