Royal Gold Inc (RGLD)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 11.67 | 11.88 | 11.16 | 13.31 | 13.99 | 12.88 | 11.90 | 10.55 | 9.52 | 9.97 | 14.91 | 10.36 | 6.88 | 8.16 | 8.73 | 6.84 | 9.89 | 14.29 | 9.52 | 11.66 | |
| DOH | days | 31.28 | 30.71 | 32.71 | 27.42 | 26.09 | 28.33 | 30.68 | 34.59 | 38.35 | 36.60 | 24.47 | 35.22 | 53.06 | 44.71 | 41.82 | 53.39 | 36.91 | 25.55 | 38.35 | 31.29 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.67
= 31.28
The days of inventory on hand (DOH) ratio for Royal Gold Inc has fluctuated over the past few quarters, ranging from 24.47 days to 53.06 days. A lower DOH implies that the company is selling its inventory more quickly, which can be a positive sign of efficiency.
In the most recent quarter, the DOH was 31.28 days, indicating that on average, Royal Gold Inc held about a month's worth of inventory. The trend over the past few quarters shows some volatility, with a slight increase in DOH in the last quarter compared to the previous quarter.
It is essential to monitor the DOH ratio over time to assess inventory management effectiveness. A downward trend in the DOH ratio might suggest improved inventory turnover and better liquidity, while an increasing trend could signal potential inventory management issues or slower sales. Further analysis and comparison with industry benchmarks would provide more insights into Royal Gold Inc's inventory management efficiency.