Royal Gold Inc (RGLD)
Number of days of payables
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 35.94 | 37.38 | |
| Number of days of payables | days | 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 | 10.16 | 9.76 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.80
= 37.25
The number of days of payables for Royal Gold Inc has shown variability over the periods analyzed. On average, the company takes approximately 19.5 days to pay its payables. The trend indicates that the company has been gradually increasing the number of days it takes to settle its payables, indicating a potential slowdown in its payment cycle. This could be a strategic move to manage its cash flows more effectively or negotiate better payment terms with its suppliers. However, it is important to monitor this ratio closely as a significant increase in the number of days of payables could indicate liquidity challenges or strained relationships with suppliers.