Charles River Laboratories (CRL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,120,490 | 4,082,940 | 4,098,090 | 3,457,220 | 2,939,570 |
| Total assets | US$ in thousands | 7,528,340 | 8,195,000 | 7,602,770 | 7,024,290 | 5,490,830 |
| Total asset turnover | 0.55 | 0.50 | 0.54 | 0.49 | 0.54 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,120,490K ÷ $7,528,340K
= 0.55
The total asset turnover of Charles River Laboratories has shown some fluctuation over the past five years. It stood at 0.54 on December 31, 2020, decreased to 0.49 by December 31, 2021, improved back to 0.54 by December 31, 2022, dropped to 0.50 by December 31, 2023, and increased to 0.55 by December 31, 2024.
The total asset turnover ratio indicates how efficiently the company is generating revenue from its total assets. A higher ratio signifies that the company is effectively utilizing its assets to generate sales. In the case of Charles River Laboratories, the ratio has shown some variability, suggesting fluctuations in how efficiently the company is converting its assets into revenue over the years.
Further analysis of the trends in sales and assets would be necessary to understand the factors driving these fluctuations and whether they align with the company's overall strategic objectives.
Peer comparison
Dec 31, 2024