Royal Gold Inc (RGLD)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 418,252 | 364,824 | 333,245 | 343,395 | 340,557 | 334,401 | 330,638 | 323,101 | 331,052 | 354,873 | 355,615 | 350,222 | 333,002 | 292,777 | 277,204 | 254,565 | 236,059 | 231,754 | 219,625 | 197,787 |
| 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 |
| Gross profit margin | 62.47% | 59.39% | 57.04% | 56.69% | 55.28% | 54.92% | 54.09% | 53.56% | 53.86% | 54.49% | 54.93% | 54.43% | 51.25% | 48.66% | 46.55% | 45.39% | 47.32% | 46.86% | 46.94% | 44.76% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $418,252K ÷ $669,501K
= 62.47%
The gross profit margin of Royal Gold Inc has shown a generally increasing trend over the past few quarters. The margin was 62.47% in September 2024, compared to 59.39% in June 2024 and 57.04% in March 2024. This improvement indicates that the company is effectively managing its direct costs of goods sold in relation to its revenue.
Looking back further, the gross profit margin has been gradually increasing over the past few years, with fluctuations being observed from quarter to quarter. The margin was 53.86% in September 2022 and has since shown a positive trajectory. This could suggest that the company has been successful in controlling its production costs and increasing efficiency in its operations.
It is worth noting that there were some periods of decreases in the gross profit margin, especially in the earlier quarters, but the overall trend has been positive. The company's ability to maintain and improve its gross profit margin is essential for sustaining profitability and generating value for its shareholders.