Royal Gold Inc (RGLD)

Days of inventory on hand (DOH)

		Dec 31, 2024	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
Inventory turnover		10.70	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
DOH	days	34.12	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

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.70
= 34.12

The days of inventory on hand (DOH) for Royal Gold Inc have shown some fluctuations over the mentioned period from December 31, 2019, to December 31, 2024. The DOH is a metric that indicates the number of days a company holds inventory before it is sold or used in operations.

From December 31, 2019, to September 30, 2020, the DOH was relatively stable, fluctuating between 25.55 days to 53.39 days. This could indicate changes in inventory management or sales patterns during this period.

However, there was a notable decrease in DOH from September 30, 2020, to March 31, 2021, falling to 24.47 days. This suggests that the company efficiently managed its inventory during this period, possibly through better forecasting or demand planning.

Subsequently, the DOH increased gradually from June 30, 2021, to September 30, 2024, ranging from 26.09 days to 34.12 days. This uptrend may imply potential challenges in managing inventory levels efficiently or changes in business operations that impacted inventory turnover.

Overall, the fluctuations in Royal Gold Inc's DOH over the period indicate varying levels of efficiency in managing its inventory, highlighting the importance of closely monitoring and analyzing this metric to optimize working capital and operational performance.