Royal Gold Inc (RGLD)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 240,490 | 222,731 | 239,440 | 233,034 | 229,489 | 237,180 | 238,980 | 252,783 | 288,668 | 271,554 | 265,768 | 302,531 | 269,869 | 254,397 | 235,829 | 199,343 | 176,787 | 167,005 | 149,270 | 93,825 |
| Total stockholders’ equity | US$ in thousands | 2,968,870 | 2,911,050 | 2,888,220 | 2,849,390 | 2,823,560 | 2,782,560 | 2,741,090 | 2,707,580 | 2,684,230 | 2,633,690 | 2,541,850 | 2,490,770 | 2,427,320 | 2,391,640 | 2,350,060 | 2,272,220 | 2,240,240 | 2,216,310 | 2,190,330 | 2,136,680 |
| ROE | 8.10% | 7.65% | 8.29% | 8.18% | 8.13% | 8.52% | 8.72% | 9.34% | 10.75% | 10.31% | 10.46% | 12.15% | 11.12% | 10.64% | 10.04% | 8.77% | 7.89% | 7.54% | 6.81% | 4.39% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $240,490K ÷ $2,968,870K
= 8.10%
Royal Gold Inc's return on equity (ROE) has shown fluctuation over the past few quarters, ranging from a low of 4.39% in June 2019 to a high of 12.15% in September 2021. The trend has been somewhat volatile, with ROE experiencing ups and downs, but overall the company has maintained a healthy ROE figure.
The most recent ROE figure of 8.10% as of June 30, 2024, while slightly lower than the previous quarter, indicates that the company is still generating a reasonable return for its shareholders. However, it is important to monitor the trend closely to ensure that the company continues to deliver value to its investors over the long term.
It is also worth noting that Royal Gold Inc's ROE has generally been above 8% in recent quarters, which suggests that the company has been effectively utilizing shareholders' equity to generate profits. This is a positive sign, indicating that the company is efficient in generating returns on the capital invested by shareholders.
Overall, while there have been fluctuations in ROE, Royal Gold Inc has generally maintained a solid performance in terms of generating returns for its shareholders. Monitoring the ROE trend will be crucial to assess the company's financial health and performance going forward.