Royal Gold Inc (RGLD)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 322,860 | 292,673 | 303,203 | 296,967 | 293,179 | 289,188 | 283,709 | 297,662 | 321,855 | 325,007 | 321,797 | 337,602 | 296,211 | 277,435 | 253,376 | 198,945 | 195,093 | 186,013 | 164,155 | 140,707 |
| 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 |
| Operating ROA | 9.88% | 8.83% | 9.02% | 8.74% | 8.52% | 8.28% | 8.03% | 8.81% | 11.28% | 11.65% | 11.47% | 12.73% | 10.76% | 10.04% | 9.06% | 7.19% | 7.65% | 7.28% | 6.44% | 5.53% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $322,860K ÷ $3,269,020K
= 9.88%
Royal Gold Inc's operating return on assets (operating ROA) has shown some variability over the past several quarters. The ratio ranged from a low of 5.53% in June 2019 to a high of 12.73% in September 2021.
In recent quarters, Royal Gold Inc's operating ROA has generally been above 8%, indicating that the company is generating a reasonable return on its assets through its core operations. However, there was a slight decline in the ratio in the most recent quarter, falling from 9.88% in March 2024 to 8.83% in June 2024.
Investors and analysts may want to continue monitoring Royal Gold Inc's operating ROA to understand if the recent dip is a temporary fluctuation or the start of a more significant trend. Overall, a consistent and healthy operating ROA is important for a company's long-term financial performance and sustainability.