Royal Gold Inc (RGLD)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 178,552 |
| 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 |
| Gross profit margin | 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% | 42.21% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $364,824K ÷ $614,281K
= 59.39%
The gross profit margin of Royal Gold Inc has shown a generally increasing trend over the past several quarters, indicating an improvement in the company's ability to generate profits from its core operations. The margin increased from 42.21% in June 2019 to 59.39% in June 2024, reflecting a significant positive trend.
There have been fluctuations in the gross profit margin over the various quarters, which is not uncommon for companies in the mining industry due to factors like commodity prices and production costs. Despite these fluctuations, the overall trend is positive, suggesting that Royal Gold Inc has been effectively managing its costs and maximizing its revenues.
The consistent improvement in the gross profit margin signifies that Royal Gold Inc has been successful in optimizing its production processes and controlling its expenses, leading to higher profitability. This trend bodes well for the company's financial performance and indicates its competitive positioning in the industry.
Investors and stakeholders may view the rising gross profit margin positively as it indicates the company's operational efficiency and ability to generate profits, which are essential factors in assessing the long-term sustainability and growth potential of Royal Gold Inc.