Charles River Laboratories (CRL)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 617,261 | 650,975 | 589,862 | 432,729 | 351,151 |
| Total assets | US$ in thousands | 8,195,000 | 7,602,770 | 7,024,290 | 5,490,830 | 4,692,790 |
| Operating ROA | 7.53% | 8.56% | 8.40% | 7.88% | 7.48% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $617,261K ÷ $8,195,000K
= 7.53%
Based on the operating return on assets (operating ROA) data for Charles River Laboratories over the past five years, the company's performance in generating operating income from its assets has been relatively stable. The operating ROA ranged from 7.48% in 2019 to 8.56% in 2022, with a slight decrease to 7.53% in 2023. This indicates that, on average, Charles River Laboratories generated approximately between 7.48% to 8.56% return on its operating assets over the period.
Overall, the company's ability to efficiently utilize its operating assets to generate operating income has been consistent, highlighting its operational effectiveness. However, the marginal decline in operating ROA in 2023 compared to the previous years may warrant further investigation to identify any potential factors influencing this trend.
Peer comparison
Dec 31, 2023