Royal Gold Inc (RGLD)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 423,056 |
| Receivables | US$ in thousands | 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 | 2,702 |
| Receivables turnover | 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 | 156.57 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $614,281K ÷ $5,637K
= 108.97
The receivables turnover ratio of Royal Gold Inc fluctuated over the past quarters, ranging from a low of 40.82 to a high of 354.55. This ratio measures how efficiently the company is able to collect outstanding credit balances from its customers during a specific period.
A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly, which can be a positive sign of strong liquidity and efficient management of credit sales. Conversely, a lower ratio may indicate potential issues with collecting payments from customers in a timely manner.
In the most recent quarter, the receivables turnover ratio was 108.97, which indicates an improvement in the company's ability to collect outstanding receivables compared to the previous quarters. However, it is essential to analyze the trend over multiple periods to assess the overall effectiveness of the company's credit and collection policies.
Additionally, it would be beneficial to compare Royal Gold Inc's receivables turnover ratio with industry benchmarks and competitors to gain further insights into its performance in managing accounts receivable.