Royal Gold Inc (RGLD)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 11.67 11.88 11.16 13.31 13.99 12.88 11.90 10.55 9.52 9.97 14.91 10.36 6.88 8.16 8.73 6.84 9.89 14.29 9.52 11.66
Receivables turnover 65.70 108.97 187.91 226.35 43.24 63.41 354.55 196.74 40.82 84.45 147.24 157.66 143.75 41.02 66.62 130.49 204.85 43.53 48.38 119.48
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
Working capital turnover 5.78 55.27 5.04 6.38 6.63 5.96 4.56 4.93 5.24 2.36 3.10 3.74 2.65 1.57 1.51 1.36 1.57 4.91 5.07 3.35

Inventory turnover measures how efficiently a company manages its inventory. Royal Gold Inc's inventory turnover has been fluctuating over the periods analyzed, ranging from a low of 6.84 to a high of 14.91. The average inventory turnover for Royal Gold Inc appears to be around 10-12 times per year.

Receivables turnover indicates how quickly a company collects its outstanding receivables. Royal Gold Inc's receivables turnover has shown significant variability, with values ranging from a low of 40.82 to a high of 354.55. This suggests a wide range in the collection efficiency of the company over the periods analyzed.

Payables turnover measures how quickly a company pays its suppliers. Royal Gold Inc's payables turnover has also fluctuated, ranging from a low of 9.80 to a high of 46.89. The company appears to have varying payment practices with its suppliers across the periods examined.

Working capital turnover reflects how efficiently a company utilizes its working capital to generate sales. Royal Gold Inc's working capital turnover numbers have varied considerably, with values ranging from a low of 1.36 to a high of 55.27. This indicates differing levels of working capital efficiency in supporting the company's revenue generation.

Overall, Royal Gold Inc's activity ratios suggest mixed levels of efficiency in managing its inventory, collecting receivables, paying suppliers, and utilizing working capital to generate sales. It's important for the company to consistently monitor and improve these ratios to enhance its operational performance and financial health.

Average number of days

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
Days of inventory on hand (DOH) days 31.28 30.71 32.71 27.42 26.09 28.33 30.68 34.59 38.35 36.60 24.47 35.22 53.06 44.71 41.82 53.39 36.91 25.55 38.35 31.29
Days of sales outstanding (DSO) days 5.56 3.35 1.94 1.61 8.44 5.76 1.03 1.86 8.94 4.32 2.48 2.32 2.54 8.90 5.48 2.80 1.78 8.38 7.54 3.05
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

Royal Gold Inc's days of inventory on hand (DOH) have fluctuated over the past few quarters, ranging from as low as 24.47 days to as high as 53.06 days. This indicates variability in how efficiently the company manages its inventory levels.

In terms of days of sales outstanding (DSO), the company's performance has also varied significantly, with figures ranging from 1.03 days to 8.94 days. Lower DSO values suggest quicker collection of receivables, which is generally positive for cash flow management.

The number of days of payables for Royal Gold Inc has shown some stability, with fluctuations between 7.78 days and 37.25 days. The consistent range suggests that the company has been managing its payables effectively, potentially indicating good relationships with suppliers or a well-structured payment system.

Overall, Royal Gold Inc's activity ratios reflect some inconsistency in inventory management and sales collection efficiency, but more stability in the management of payables. This indicates potential areas for improvement in working capital management to enhance overall operational efficiency.

Long-term

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
Fixed asset turnover — — — — — — — — — — — — — — — — — — — —
Total asset turnover 0.20 0.19 0.18 0.18 0.18 0.18 0.18 0.17 0.18 0.23 0.23 0.23 0.25 0.22 0.22 0.20 0.18 0.19 0.18 0.17

The long-term activity ratios of Royal Gold Inc, as indicated by the fixed asset turnover and total asset turnover ratios, show stability and consistency over the periods analyzed.

The fixed asset turnover ratio was not provided, indicating a lack of information on how efficiently the company utilizes its fixed assets to generate sales. Moving forward, it may be beneficial to include this metric for a more comprehensive analysis.

On the other hand, the total asset turnover ratio ranged from 0.17 to 0.25 over the historical periods. This ratio indicates that, on average, the company generates $0.17 to $0.25 in sales for every dollar of total assets. The consistency in this ratio suggests that Royal Gold Inc has been effectively utilizing its total assets to generate revenue over time.

Overall, the long-term activity ratios of Royal Gold Inc reflect a steady performance in terms of asset utilization and efficiency in generating sales.