Charles River Laboratories (CRL)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	474,624	474,950	484,034	496,335	486,226	436,394	443,347	422,474	390,982	396,595	396,078	375,065	364,304	301,461	271,362	247,655	252,019	231,336	218,894	228,875
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
ROA		5.79%	6.24%	6.23%	6.45%	6.40%	5.91%	5.89%	5.97%	5.57%	5.62%	5.89%	6.46%	6.63%	5.78%	5.18%	4.76%	5.37%	5.05%	4.73%	5.83%

December 31, 2023 calculation

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

Charles River Laboratories' return on assets (ROA) has shown some fluctuation over the past few quarters. The ROA for the most recent quarter, Dec 31, 2023, was 5.79%, a slight decrease from the previous quarter. Despite this slight decline, the company has generally maintained a ROA above 5% over the past two years, indicating efficient asset utilization to generate profits.

The highest ROA was observed in Mar 31, 2021, at 6.63%, suggesting a period of strong asset performance. Conversely, the lowest ROA was recorded in Mar 31, 2020, at 4.76%, highlighting a temporary dip in profitability compared to other quarters.

Overall, Charles River Laboratories' ROA trend indicates a solid foundation of effectively utilizing its assets to generate returns, with slight variations in performance seen across different quarters. Further analysis and comparison with industry benchmarks can provide additional insights into the company's efficiency in generating profits from its assets.