Charles River Laboratories (CRL)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	474,624	486,226	390,982	364,304	252,019
Total assets	US$ in thousands	8,195,000	7,602,770	7,024,290	5,490,830	4,692,790
ROA		5.79%	6.40%	5.57%	6.63%	5.37%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $474,624K ÷ $8,195,000K
= 5.79%

Charles River Laboratories' return on assets (ROA) has shown some fluctuations over the past five years. The ROA decreased from 6.63% in 2020 to 5.37% in 2019 before increasing to 5.57% in 2021. However, the ROA then decreased to 6.40% in 2022 and further to 5.79% in 2023. Overall, the company's ROA has generally remained above 5% during this period, indicating that the company is generating a positive return on its assets. It is important to further investigate the reasons behind the fluctuations in ROA to assess the company's asset utilization and profitability performance.