Royal Gold Inc (RGLD)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.12 | 11.39 | 19.97 | 18.96 | 46.47 | |
| Number of days of payables | days | 27.82 | 32.05 | 18.27 | 19.25 | 7.85 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.12
= 27.82
Royal Gold Inc's number of days of payables has shown an increasing trend over the years, starting at a low of 7.85 days on June 30, 2020, and reaching 27.82 days by December 31, 2024. This indicates that the company is taking longer to pay its creditors, which could result in improved cash flow management or potentially strained supplier relationships. The gradual increase in days of payables may suggest changing payment policies or adjustments in the company's working capital management strategy. Overall, the upward trend in days of payables reflects a shift in Royal Gold Inc's payment behavior and highlights the importance of monitoring creditor payment patterns for insights into the company's financial health and operations.