Royal Gold Inc (RGLD)

Total asset turnover

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	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
Revenue (ttm)	US$ in thousands	614,281	584,227	605,717	616,031	608,843	611,242	603,205	614,656	651,254	647,402	643,407	649,762	601,700	595,548	560,831	498,819	494,548	467,889	441,838	423,056
Total assets	US$ in thousands	3,269,020	3,313,310	3,361,060	3,397,160	3,439,710	3,491,030	3,534,520	3,376,790	2,853,050	2,789,850	2,805,680	2,651,600	2,753,530	2,763,730	2,797,190	2,766,290	2,549,860	2,554,640	2,547,910	2,544,150
Total asset turnover		0.19	0.18	0.18	0.18	0.18	0.18	0.17	0.18	0.23	0.23	0.23	0.25	0.22	0.22	0.20	0.18	0.19	0.18	0.17	0.17

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $614,281K ÷ $3,269,020K
= 0.19

The total asset turnover ratio of Royal Gold Inc has displayed some fluctuations over the past few quarters. The ratio has ranged from 0.17 to 0.25, indicating the company's ability to generate sales relative to its total assets. In recent quarters, the total asset turnover has been relatively stable around the 0.18 to 0.23 range. This suggests that Royal Gold Inc has been able to efficiently utilize its assets to generate revenue. However, it is important to note that a higher total asset turnover ratio may indicate better asset utilization efficiency. Monitoring this ratio over time can provide insights into the company's operational efficiency and effectiveness in generating sales from its asset base.