Royal Gold Inc (RGLD)
Number of days of payables
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 35.94 | |
| Number of days of payables | days | 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 | 10.16 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.24
= 35.66
The number of days of payables for Royal Gold Inc has shown some fluctuations over the past few quarters. In the most recent quarter as of September 30, 2024, the number of days of payables was 35.66 days, indicating that, on average, it takes the company approximately 35.66 days to pay off its trade payables. This figure has increased slightly compared to the previous quarter, where it was 37.25 days.
Looking back over the past few quarters, there has been some variability in the number of days of payables, with fluctuations observed between 33.23 days to 22.73 days. This variability suggests that Royal Gold Inc may be managing its payables in response to changing business conditions or operational needs.
Overall, the trend in the number of days of payables for Royal Gold Inc appears to be relatively stable, with occasional fluctuations seen in response to internal or external factors impacting the company's working capital management strategies. Tracking this metric over time can provide insight into the company's efficiency in managing its payables and its overall financial health.