Royal Gold Inc (RGLD)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 605,717 | 603,206 | 648,614 | 498,819 | 423,056 |
| Total assets | US$ in thousands | 3,361,060 | 3,534,520 | 2,651,600 | 2,766,290 | 2,544,150 |
| Total asset turnover | 0.18 | 0.17 | 0.24 | 0.18 | 0.17 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $605,717K ÷ $3,361,060K
= 0.18
The total asset turnover of Royal Gold, Inc. has fluctuated over the past five years, ranging between 0.17 and 0.23. The ratio indicates that, on average, for every dollar of total assets held by the company, they generated between 0.17 to 0.23 dollars in revenue. The highest total asset turnover of 0.23 was observed on June 30, 2021, suggesting more efficient utilization of assets to generate sales. Conversely, the lowest turnover of 0.17 was seen on multiple occasions, indicating a lower level of sales generated from total assets. Overall, it appears that there have been fluctuations in the efficiency of Royal Gold, Inc. in generating revenue from its total assets over the past five years.