Royal Gold Inc (RGLD)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 376,144 | 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 |
| 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 |
| Operating ROA | 11.39% | 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% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $376,144K ÷ $3,301,620K
= 11.39%
Royal Gold Inc's operating return on assets (operating ROA) has shown fluctuating trends over the past few quarters, with values ranging from 6.44% to 12.73%. The latest reported operating ROA for September 30, 2024, is 11.39%, indicating that the company generated 11.39 cents of operating income for every dollar of assets.
The operating ROA has generally been above 8% in recent quarters, suggesting that Royal Gold Inc has been efficient in utilizing its assets to generate operating income. The highest operating ROA in the provided data was recorded in September 2021 at 12.73%, while the lowest was in September 2019 at 6.44%.
Overall, the upward and downward movements in the operating ROA reflect fluctuations in the company's operating performance relative to its asset base. It is important for Royal Gold Inc to continue monitoring and improving its operating efficiency to sustain or enhance its operating ROA in the future.