Royal Gold Inc (RGLD)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 287,395 | 240,490 | 222,731 | 239,440 | 233,034 | 229,489 | 237,180 | 238,980 | 252,783 | 288,668 | 271,554 | 265,768 | 302,531 | 269,869 | 254,397 | 235,829 | 199,343 | 176,787 | 167,005 | 149,270 |
| 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 |
| ROA | 8.70% | 7.36% | 6.72% | 7.12% | 6.86% | 6.67% | 6.79% | 6.76% | 7.49% | 10.12% | 9.73% | 9.47% | 11.41% | 9.80% | 9.20% | 8.43% | 7.21% | 6.93% | 6.54% | 5.86% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $287,395K ÷ $3,301,620K
= 8.70%
Royal Gold Inc's return on assets (ROA) has shown fluctuations over the past few quarters. The ROA for the most recent quarter ended September 30, 2024, was 8.70%, representing an increase from the previous quarter. This suggests that the company generated $0.087 in profit for every dollar of assets it holds.
Looking at the trend over the past few years, there have been varying levels of ROA, ranging from a low of 5.86% in the fourth quarter of 2019 to a high of 11.41% in the third quarter of 2021. This indicates that Royal Gold's efficiency in generating profits from its assets has been somewhat inconsistent.
The overall average ROA for the periods provided is approximately 8.02%, indicating that, on average, the company has generated a reasonable level of return relative to its asset base. Investors and stakeholders may want to monitor future ROA trends to assess the company's operational efficiency and profitability.