Dentsply Sirona Inc (XRAY)
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 | -477,000 | -364,000 | -1,359,000 | -1,321,000 | -1,217,000 | -850,000 | 504,000 | 544,000 | 604,000 | 578,000 | 521,000 | 269,000 | -5,000 | -7,000 | 36,100 | 197,700 | 374,900 | 318,200 | 247,000 | -962,300 |
| Long-term debt | US$ in thousands | 1,796,000 | 1,803,000 | 1,841,000 | 1,842,000 | 1,826,000 | 1,737,000 | 1,807,000 | 1,872,000 | 1,913,000 | 1,925,000 | 1,946,000 | 1,923,000 | 1,978,000 | 1,930,000 | 2,182,700 | 1,421,200 | 1,433,000 | 1,403,900 | 1,441,300 | 1,545,100 |
| Total stockholders’ equity | US$ in thousands | 3,293,000 | 3,375,000 | 3,706,000 | 3,641,000 | 3,811,000 | 3,613,000 | 4,837,000 | 4,863,000 | 4,996,000 | 5,060,000 | 5,074,000 | 4,927,000 | 4,932,000 | 4,760,500 | 4,643,100 | 4,687,500 | 5,093,000 | 5,057,300 | 5,181,100 | 5,107,700 |
| Return on total capital | -9.37% | -7.03% | -24.50% | -24.09% | -21.59% | -15.89% | 7.59% | 8.08% | 8.74% | 8.27% | 7.42% | 3.93% | -0.07% | -0.10% | 0.53% | 3.24% | 5.74% | 4.92% | 3.73% | -14.46% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-477,000K ÷ ($1,796,000K + $3,293,000K)
= -9.37%
Return on total capital is an important financial ratio that indicates how effectively a company is utilizing its capital to generate profit. Looking at the trend for DENTSPLY Sirona Inc over the past eight quarters, we observe some fluctuations in the return on total capital.
In Q4 2023, the return on total capital was 5.27%, showing a slight decrease from the previous quarter but relatively consistent with the trend observed in the first three quarters of 2023. Compared to the same quarter in the previous year, there has been a noticeable decline in return on total capital.
Overall, while the return on total capital for DENTSPLY Sirona Inc has shown some variability, it is crucial for investors and stakeholders to monitor this ratio closely to assess the company's efficiency in generating returns from its total capital investments.
Peer comparison
Dec 31, 2023