Royal Gold's gross profit for the
three
months ended in Dec. 2023 was $89.4 Mil. Royal Gold's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $343.0 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Royal Gold's gross profit for the
three
months ended in Dec. 2023 was $89.4 Mil. Royal Gold's Revenue for the
three
months ended in Dec. 2023 was $152.7 Mil. Therefore, Royal Gold's Gross Margin % for the quarter that ended in Dec. 2023 was 58.58%.
Royal Gold had a gross margin of 58.58% for the quarter that ended in Dec. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Royal Gold was 56.62%. The lowest was 39.95%. And the median was 49.82%.
Royal Gold Gross Profit Historical Data
The historical data trend for Royal Gold's Gross Profit 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.
Competitive Comparison of Royal Gold's Gross Profit
For the Gold subindustry, Royal Gold's Gross Profit, along with its competitors' market caps and Gross Profit 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's Gross Profit Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's Gross Profit distribution charts can be found below:
* The bar in red indicates where Royal Gold's Gross Profit falls into.
Royal Gold Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Royal Gold's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $343.0 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Royal Gold's Gross Margin % for the quarter 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Royal Gold (NAS:RGLD) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Royal Gold had a gross margin of 58.58% for the quarter that ended in Dec. 2023 => Durable competitive advantage
Royal Gold Gross Profit Related Terms
Thank you for viewing the detailed overview of Royal Gold's Gross Profit 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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