Royal Gold Inc (RGLD)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 343,394 | 323,101 | 333,002 | 236,058 | 178,553 |
| Revenue | US$ in thousands | 605,717 | 603,206 | 648,614 | 498,819 | 423,056 |
| Gross profit margin | 56.69% | 53.56% | 51.34% | 47.32% | 42.21% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $343,394K ÷ $605,717K
= 56.69%
The gross profit margin of Royal Gold, Inc. has shown a generally positive trend over the past five years, increasing from 81.67% in June 2019 to 85.06% in December 2023. This indicates that the company has been able to effectively control its production costs and generate a higher proportion of revenue as gross profit. The consistent high gross profit margins suggest the company has been successful in managing its direct costs related to production and sales. This trend reflects positively on Royal Gold's operational efficiency and potentially its pricing strategies, signaling a healthy financial performance.