Royal Gold Inc (RGLD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.39 | 19.97 | 18.96 | 46.47 | 37.38 | |
| Number of days of payables | days | 32.05 | 18.27 | 19.25 | 7.85 | 9.77 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.39
= 32.05
The number of days of payables for Royal Gold, Inc. has shown a fluctuating trend over the past five years. The company's average number of days of payables increased significantly from 2019 to 2020, reaching 13.60 days and then more than doubled to 25.14 days by June 2021. However, the number of days of payables dropped to 10.81 days by June 2020 and then increased again to 25.79 days by December 2022. Notably, the latest data as of December 2023 shows a further increase to 46.13 days, indicating that Royal Gold, Inc. is taking longer to pay its suppliers compared to previous periods. This prolonged payables collection period may imply potential liquidity challenges or changes in the company's working capital management strategies.