Days Inventory is also known as Days Sales of Inventory (DSI). Royal Gold's Average Total Inventories for the
three
months ended in Dec. 2023 was $9.8 Mil. Royal Gold's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $63.2 Mil.
Hence, Royal Gold's Days Inventory for the
three
months ended in Dec. 2023 was 14.17.
The historical rank and industry rank for Royal Gold's Days Inventory or its related term are showing as below:
RGLD'
s Days Inventory Range Over the Past 10 Years
Min: 6.31 Med: 15.43 Max: 19.73
Current: 15.16
During the past 13 years, Royal Gold's highest Days Inventory was 19.73. The lowest was 6.31. And the median was 15.43.
RGLD's Days Inventory is ranked better than 95.43% of 656
companies
in the Metals & Mining industry
Industry Median: 87.22
vs RGLD: 15.16
Royal Gold's Days Inventory
declined
from Dec. 2022 (15.73) to Dec. 2023 (14.17).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Royal Gold's Inventory Turnover for the
three
months ended in Dec. 2023 was 6.44.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Royal Gold's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.06.
Royal Gold Days Inventory Historical Data
The historical data trend for Royal Gold's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Royal Gold Annual Data
Trend
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
Dec22
Dec23
Days Inventory
15.43
15.99
18.92
19.73
15.59
Royal Gold Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
15.73
15.09
16.10
14.82
14.17
Competitive Comparison
For the Gold subindustry, Royal Gold's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Royal Gold Days Inventory Distribution
For the Metals & Mining industry and Basic Materials sector, Royal Gold's Days Inventory distribution charts can be found below:
* The bar in red indicates where Royal Gold's Days Inventory falls into.
Royal Gold Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Royal Gold's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Royal Gold (NAS:RGLD) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Royal Gold's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Royal Gold's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Royal Gold Days Inventory Related Terms
Thank you for viewing the detailed overview of Royal Gold's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
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