Charles River Laboratories (CRL)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	4,086,133	4,070,653	4,059,413	4,065,363	4,086,910	4,314,900	4,293,342	4,227,890	4,106,274	3,792,022	3,683,743	3,605,712	3,459,843	3,333,185	3,172,755	2,930,880	2,859,828	2,759,976	2,697,739	2,671,095
Total assets	US$ in thousands	7,528,340	8,003,840	7,948,280	8,152,780	8,195,000	7,607,010	7,772,380	7,699,440	7,602,770	7,382,770	7,529,360	7,075,050	7,024,290	7,058,440	6,720,350	5,808,960	5,490,830	5,213,340	5,240,880	5,201,790
Total asset turnover		0.54	0.51	0.51	0.50	0.50	0.57	0.55	0.55	0.54	0.51	0.49	0.51	0.49	0.47	0.47	0.50	0.52	0.53	0.51	0.51

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,086,133K ÷ $7,528,340K
= 0.54

The total asset turnover for Charles River Laboratories has shown some fluctuations over the past few years, ranging from 0.47 to 0.57. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio typically signifies better asset utilization.

In the most recent period, the total asset turnover was 0.54, which indicates that for every dollar invested in assets, the company generated $0.54 in sales. This suggests that Charles River Laboratories has been effectively managing its assets to generate revenue.

It is important for investors and analysts to monitor the total asset turnover ratio over time to assess the company's efficiency in utilizing its assets. By analyzing trends in this ratio, stakeholders can gain insights into the company's operational efficiency and financial performance.