Royal Gold Inc (RGLD)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 425,636 | 368,285 | 310,622 | 275,901 | 281,448 | 274,265 | 270,922 | 270,673 | 271,906 | 289,158 | 319,625 | 326,101 | 321,042 | 339,400 | 301,248 | 276,799 | 253,324 | 195,690 | 179,231 | 170,135 |
| 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 |
| Pretax margin | 59.17% | 55.01% | 50.57% | 47.22% | 46.47% | 44.52% | 44.50% | 44.28% | 45.08% | 47.04% | 49.08% | 50.37% | 49.90% | 52.23% | 50.07% | 46.48% | 45.17% | 39.23% | 36.24% | 36.36% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $425,636K ÷ $719,395K
= 59.17%
The pretax margin of Royal Gold Inc has shown a generally increasing trend from December 31, 2019, to December 31, 2024. The pretax margin started at 36.36% in December 2019 and gradually increased to 59.17% by December 2024. Despite some fluctuations in the interim periods, the overall trend indicates an improvement in the company's efficiency in generating profits before taxes relative to its total revenue.
The pretax margin reached its peak at 59.17% in December 2024, reflecting the company's ability to control costs effectively and increase profitability. This indicates that Royal Gold Inc was able to generate higher profits from its operations before accounting for tax expenses.
Overall, the increasing pretax margin of Royal Gold Inc suggests improved operational efficiency and effectiveness in managing costs over the period under review.