Royal Gold Inc (RGLD)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	471,174	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
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
Gross profit margin		65.50%	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%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $471,174K ÷ $719,395K
= 65.50%

Royal Gold Inc's gross profit margin has shown a generally positive trend over the periods indicated in the data. The margin increased steadily from December 31, 2019, at 46.94%, reaching its lowest point on September 30, 2020, at 45.39%. However, from March 31, 2021, the margin began to rise significantly, hitting a peak of 65.50% by December 31, 2024.

This upward trend in the gross profit margin indicates that Royal Gold Inc has been effectively managing its production costs and generating higher revenues relative to the cost of goods sold. The company's ability to consistently improve its gross profit margin implies efficiency in its operations and potentially increasing profitability over time. Investors and stakeholders may view this positive trend favorably as it reflects the company's ability to maintain strong margins despite fluctuations in the business environment.