Charles River Laboratories (CRL)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	4,097,200	4,325,190	4,303,632	4,238,180	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	2,595,709	2,506,101	2,411,563	2,341,443
Total assets	US$ in thousands	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	4,692,790	4,582,560	4,625,480	3,926,640
Total asset turnover		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	0.55	0.55	0.52	0.60

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,097,200K ÷ $8,195,000K
= 0.50

The total asset turnover ratio of Charles River Laboratories has shown fluctuations over the past 20 quarters. The ratio ranged between 0.47 and 0.60 during this period.

The company's total asset turnover was relatively low between 2019 and early 2021, hovering around 0.47 to 0.49. However, there was an improvement in the ratio from mid-2021 to early 2022, reaching a peak of 0.57 in September 2022.

Subsequently, the total asset turnover ratio fluctuated between 0.51 and 0.55 from late 2022 to mid-2023. This indicates that, on average, Charles River Laboratories generated around $0.51 to $0.55 in revenue for every dollar of assets held during this period.

Overall, the trend in total asset turnover suggests that the company has been efficient in utilizing its assets to generate revenue, albeit with some variability in performance over the analyzed period.