Royal Gold Inc (RGLD)
Receivables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 719,395 | 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 |
| Receivables | US$ in thousands | 1,139 | 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 |
| Receivables turnover | 631.60 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $719,395K ÷ $1,139K
= 631.60
The receivables turnover ratio for Royal Gold Inc has shown considerable fluctuations over the period under review. The ratio, which measures how efficiently the company is able to collect its outstanding receivables during a specific period, ranged from a low of 40.82 to a high of 631.60.
Key observations include a significant spike in the ratio to 631.60 at the end of December 2024, indicating a rapid turnover of receivables during that quarter. On the other hand, there were instances of lower turnover ratios such as 40.82 in September 2022, 43.24 in March 2023, and 65.70 in September 2024, suggesting potential challenges in collecting receivables efficiently during those periods.
Overall, the trend of the receivables turnover ratio for Royal Gold Inc appears to show volatility, reflecting potential variations in the company's credit policies, customer payment behaviors, or economic conditions impacting receivables collections. It is important for the company to closely monitor and manage its receivables turnover to ensure effective cash flow management and sustainable financial performance.