Royal Gold Inc (RGLD)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 129,594 | 127,395 | 130,284 | 137,807 | 137,309 | 137,980 | 133,541 | 130,289 | 131,364 | 126,613 | 126,650 | 121,641 | 118,288 | 121,305 | 117,315 | 115,427 | 170,684 | 145,970 | 125,651 | 108,024 |
| Payables | US$ in thousands | 13,227 | 11,599 | 11,441 | 8,626 | 8,552 | 7,852 | 6,686 | 7,332 | 7,067 | 6,267 | 5,471 | 6,398 | 4,380 | 2,587 | 2,901 | 2,484 | 1,501 | 3,170 | 3,496 | 2,890 |
| 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 |
June 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $129,594K ÷ $13,227K
= 9.80
The payables turnover ratio of Royal Gold Inc has shown fluctuating trends over the past few quarters. The ratio measures how many times the company pays off its accounts payable during a period. A higher payables turnover ratio indicates that the company is efficiently managing its payments to suppliers.
Royal Gold Inc's payables turnover ratio has ranged from a low of 9.80 to a high of 113.71 over the last 20 quarters. The significant variability in the ratio suggests fluctuations in the company's payment practices and possibly changing relationships with suppliers.
In the most recent quarter, the payables turnover ratio decreased to 9.80, indicating a lower frequency of payments to suppliers compared to the previous quarter. This may suggest a potential slowdown in payment activity or a change in supplier terms.
It is important for stakeholders to closely monitor Royal Gold Inc's payables turnover ratio along with other financial metrics to understand the company's liquidity management and operational efficiency. Additionally, management should assess the reasons behind the fluctuations in the ratio to ensure sustainable relationships with suppliers and effective cash flow management.