Dentsply Sirona Inc (XRAY)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | -94,000 | -1,197,000 | 622,000 | -2,000 | 368,000 |
| Long-term debt | US$ in thousands | 1,796,000 | 1,826,000 | 1,913,000 | 1,978,000 | 1,433,000 |
| Total stockholders’ equity | US$ in thousands | 3,293,000 | 3,811,000 | 4,996,000 | 4,932,000 | 5,093,000 |
| Return on total capital | -1.85% | -21.23% | 9.00% | -0.03% | 5.64% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $-94,000K ÷ ($1,796,000K + $3,293,000K)
= -1.85%
DENTSPLY Sirona Inc's return on total capital has shown some fluctuation over the past five years. In 2023, the return on total capital was 5.27%, a slight decrease from the previous year's 5.70%. However, compared to 2021, where it stood at 8.81%, the return has decreased significantly.
The return on total capital in 2020 was 3.06%, showing a notable increase in 2021 to 8.81%. The company then experienced a decline to 6.76% in 2019.
Overall, DENTSPLY Sirona Inc's return on total capital has varied over the years, indicating fluctuations in the company's efficiency in generating profits from its total capital base. It would be advisable to delve further into the company's financial performance and operational efficiency to understand the factors driving these fluctuations in return on total capital.
Peer comparison
Dec 31, 2023