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Royal Gold's total inventories for the quarter that ended in Dec. 2023 was $9.8 Mil. Royal Gold's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $9.8 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Royal Gold's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-4.98.
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 three months ended in Dec. 2023 was 14.17.
Inventory Turnover measures how fast the company turns over its inventory within a year. Royal Gold's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.06.
The historical data trend for Royal Gold's Total Inventories 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.
Royal Gold Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 11.38 | 11.67 | 17.68 | 12.66 | 9.79 |
Royal Gold Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Inventories | Get a 7-Day Free Trial | 12.66 | 11.60 | 10.66 | 9.85 | 9.79 |
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Royal Gold (NAS:RGLD) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Royal Gold's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is
Net-Net Working Capital Per Share (Q: Dec. 2023 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (104.167 | + | 0.75 * 48.884 | + | 0.5 * 9.788 | - | 460.416 |
- | 0 | - | 12.424) | / | 65.6318 | ||
= | -4.98 |
2. 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 three months ended in Dec. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2023 ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | 9.8195 | / | 63.235 | * | 365 / 4 | |
= | 14.17 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Royal Gold's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2023 ) | / | Average Total Inventories (Q: Dec. 2023 ) |
= | 63.235 | / | 9.8195 | |
= | 6.44 |
4. 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 quarter that ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2023 ) | / | Revenue (Q: Dec. 2023 ) |
= | 9.8195 | / | 152.666 | |
= | 0.06 |
* 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
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Thank you for viewing the detailed overview of Royal Gold's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Martin Raffield | officer: Vice President, Operations | P.O. BOX 1649, POLSON MT 59860 |
Mark Isto | officer: Vice President Operations | 1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
William M. Hayes | director | 1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
Daniel Breeze | officer: VP Corp Dev of RGLD Gold AG | KIRCHBODENSTRASSE 16, Z, THALWIL V8 8800 |
Paul Libner | officer: VP & General Counsel | 845 BRAESHEATHER PL, HIGHLANDS RANCH CO 80216 |
Randy Shefman | officer: VP & General Counsel | 921 SOUTH HIGH STREET, DENVER CO 80209 |
Laura Gill | officer: VP, Corp. Sec. & CCO | 10499 EAST ABERDEEN AVE, ENGLEWOOD CO 80111 |
Fabiana Chubbs | director | 1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
Margaret Mccandless | officer: Asst. GC, Corp Secretary & CCO | C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
Tony A Jensen | director, officer: President and CEO | 620 E HEARTSTRONG STREET, SUPERIOR CO 80027 |
Bruce Christopher Kirchhoff | officer: VP and General Counsel | 1660 WYNKOOP, #1000, DENVER CO 80202 |
Ronald J Vance | director | C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
Sybil E Veenman | director | C/O ROYAL GOLD, INC., 1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
Jamie C Sokalsky | director | C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
William Holmes Heissenbuttel | officer: VP Corporate Development | 1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
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