Royal Gold Inc (RGLD)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 239,440 | 238,982 | 302,532 | 199,343 | 93,825 |
| Total stockholders’ equity | US$ in thousands | 2,888,220 | 2,741,090 | 2,490,770 | 2,272,220 | 2,136,680 |
| ROE | 8.29% | 8.72% | 12.15% | 8.77% | 4.39% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $239,440K ÷ $2,888,220K
= 8.29%
Royal Gold, Inc.'s return on equity (ROE) has shown some fluctuations over the past five years. In 2023, the ROE was 8.29%, a slight decrease from the previous year's 8.72%. The ROE peaked at 12.15% in June 2021 before decreasing to 8.77% in June 2020. In June 2019, the ROE was at its lowest point at 4.39%.
Overall, Royal Gold, Inc.'s ROE has been relatively stable, with fluctuations within a moderate range. Investors may want to further investigate the factors contributing to these fluctuations to assess the company's profitability and efficiency in generating returns for its shareholders.