Royal Gold Inc (RGLD)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 13.12 | 10.24 | 9.80 | 10.98 | 11.39 | 15.98 | 16.06 | 17.57 | 19.97 | 17.77 | 18.59 | 20.20 | 23.15 | 19.01 | 27.01 | 46.89 | 40.44 | 46.47 | 113.71 | 46.05 | |
| Number of days of payables | days | 27.82 | 35.66 | 37.25 | 33.23 | 32.05 | 22.85 | 22.73 | 20.77 | 18.27 | 20.54 | 19.64 | 18.07 | 15.77 | 19.20 | 13.52 | 7.78 | 9.03 | 7.85 | 3.21 | 7.93 |
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 fluctuation over the past few years. The company's payables turnover period has ranged from as low as 3.21 days to as high as 37.25 days.
From December 31, 2019, to December 31, 2020, the number of days of payables remained relatively stable, fluctuating within a narrow range. However, from March 31, 2021, there was a notable increase in the number of days of payables, reaching a peak of 37.25 days by June 30, 2024.
This indicates that Royal Gold Inc took longer to pay its suppliers and vendors during this period. It is important to monitor this ratio going forward as it can have implications for the company's working capital management and supplier relationships.