Royal Gold Inc (RGLD)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 93,825 |
| 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 |
| ROA | 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% | 3.69% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $240,490K ÷ $3,269,020K
= 7.36%
The Return on Assets (ROA) of Royal Gold Inc has displayed fluctuations over the past few years, ranging from 3.69% to 11.41%. In the most recent quarter, as of June 30, 2024, the ROA stood at 7.36%. This indicates that for every dollar of assets, the company generated a net income of 7.36 cents.
Despite some variability, the ROA has generally remained at healthy levels, with double-digit percentages observed in some periods. The upward trend in ROA from 5.86% in December 2019 to over 10% in June 2022 suggests improving efficiency in asset utilization and profitability.
It is important for investors and stakeholders to closely monitor ROA trends to assess the company's ability to generate profit from its assets effectively. The company's management should continue to focus on optimizing asset utilization and maintaining a steady growth trajectory in ROA to create long-term value for shareholders.