Royal Gold Inc (RGLD)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 719,395 | 605,717 | 603,206 | 648,614 | 498,819 |
| Total assets | US$ in thousands | 3,392,130 | 3,361,060 | 3,534,520 | 2,651,600 | 2,766,290 |
| Total asset turnover | 0.21 | 0.18 | 0.17 | 0.24 | 0.18 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $719,395K ÷ $3,392,130K
= 0.21
The total asset turnover ratio for Royal Gold Inc has fluctuated over the past years. In June 2020, the ratio was 0.18, indicating that the company generated $0.18 in revenue for every dollar of assets. By June 2021, the ratio improved to 0.24, suggesting an increase in efficiency in utilizing its assets to generate revenue.
However, the trend reversed by December 2022, with the total asset turnover dropping to 0.17, below the previous levels. The ratio remained relatively consistent at 0.18 by the end of December 2023, indicating a slight improvement but still lower compared to June 2021.
In the most recent period ending December 31, 2024, the total asset turnover ratio rose to 0.21, showing a positive trend in utilizing assets to generate revenue efficiently. Overall, Royal Gold Inc's total asset turnover ratios reflect fluctuations in the company's ability to generate revenue relative to its asset base over the analyzed period.