Royal Gold Inc (RGLD)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 605,717 | 603,206 | 648,614 | 498,819 | 423,056 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — |
| Fixed asset turnover | — | — | — | — | — |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $605,717K ÷ $—K
= —
To calculate the fixed asset turnover for Royal Gold, Inc., we need data on net sales and average fixed assets for the corresponding periods. Without this information, it is not possible to compute the fixed asset turnover ratio. This ratio is important as it indicates how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio typically suggests better efficiency in asset utilization. I recommend obtaining the necessary financial data to perform the calculation and evaluate Royal Gold, Inc.'s performance in this aspect.