Royal Gold Inc (RGLD)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 669,501 | 614,281 | 584,227 | 605,717 | 616,031 | 608,843 | 611,242 | 603,205 | 614,656 | 651,254 | 647,402 | 643,407 | 649,762 | 601,700 | 595,548 | 560,831 | 498,819 | 494,548 | 467,889 | 441,838 |
| Receivables | US$ in thousands | 10,190 | 5,637 | 3,109 | 2,676 | 14,248 | 9,602 | 1,724 | 3,066 | 15,056 | 7,712 | 4,397 | 4,081 | 4,520 | 14,669 | 8,939 | 4,298 | 2,435 | 11,361 | 9,671 | 3,698 |
| 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 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $669,501K ÷ $10,190K
= 65.70
Royal Gold Inc's receivables turnover has shown significant fluctuations over the past few quarters. The receivables turnover ratio measures how efficiently a company is able to collect cash from its credit sales during a specific period.
The data reveals that the receivables turnover has varied widely, ranging from a low of 40.82 to a high of 354.55. This indicates inconsistency in the company's ability to collect its receivables promptly. A higher turnover ratio suggests that the company is efficiently collecting payments from its customers, while a lower ratio may indicate issues with collection processes or potential credit risks.
In the most recent quarter, the receivables turnover ratio was 65.70, which is an improvement from the previous quarters but still lower than the peak values seen in some periods. This could indicate that Royal Gold Inc has enhanced its collection efforts or refined its credit policies.
Overall, further analysis of the receivables turnover in conjunction with other financial metrics is necessary to gain a holistic understanding of Royal Gold Inc's financial performance and operational efficiency in managing its accounts receivable.