Cactus Inc (WHD)
Return on total capital
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 277,228 | 264,366 | 234,034 | 197,727 | 193,446 | 174,748 | 152,239 | 121,709 | 94,782 | 75,427 | 58,138 | 49,928 | 41,489 | 70,039 | 97,701 | 132,268 | 174,843 | 183,150 | 169,170 | 149,204 |
| Long-term debt | US$ in thousands | — | — | — | 30,000 | 111,967 | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 893,366 | 865,522 | 821,008 | 760,806 | 737,253 | 571,917 | 544,239 | 517,239 | 492,323 | 468,644 | 456,871 | 441,970 | 405,959 | 352,970 | 351,019 | 346,746 | 342,458 | 327,466 | 312,325 | 293,031 |
| Return on total capital | 31.03% | 30.54% | 28.51% | 25.00% | 22.78% | 30.55% | 27.97% | 23.53% | 19.25% | 16.09% | 12.73% | 11.30% | 10.22% | 19.84% | 27.83% | 38.15% | 51.06% | 55.93% | 54.16% | 50.92% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $277,228K ÷ ($—K + $893,366K)
= 31.03%
The return on total capital for Cactus Inc has shown a positive trend over the years, indicating the company's ability to generate profits relative to its total capital employed. The ratio has consistently increased from 10.22% in March 2021 to 31.03% in March 2024. This improvement suggests that the company is becoming more efficient in utilizing its capital to generate returns for its investors. The upward trend in the return on total capital is a positive sign of the company's financial performance and management effectiveness in driving profitability.
Peer comparison
Mar 31, 2024