Royal Gold Inc (RGLD)

Total asset turnover

		Sep 30, 2024	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
Revenue (ttm)	US$ in thousands	669,501	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
Total assets	US$ in thousands	3,301,620	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
Total asset turnover		0.20	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

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $669,501K ÷ $3,301,620K
= 0.20

Royal Gold Inc's total asset turnover has been relatively stable over the past few quarters, with values ranging from 0.17 to 0.25. The total asset turnover ratio measures how efficiently the company generates revenues from its total assets. A total asset turnover ratio of 0.20 to 0.25 indicates that, on average, for every dollar of assets the company owns, it generates between $0.20 to $0.25 in revenue.

The fluctuations in the total asset turnover ratio may suggest changes in the company's asset management efficiency or revenue generation capabilities. A higher ratio indicates better asset utilization and revenue generation effectiveness. It is important for investors and analysts to monitor this ratio over time to assess the company's operational efficiency and financial performance.