Royal GoldFRA:RG3 +2.18%91 Days Inventory is 16.66 as of Mar. 2026, which is 6% above its 10-year median of 15.79. GuruFocus rates FRA:RG3 with a GF Score™ of 91/100 and a GF Value™ of €238.93 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 681 Metals & Mining companies, Royal Gold ranks better than 93.83% on this metric.
Days Inventory is also known as Days Sales of Inventory (DSI). Royal Gold's Average Total Inventories for the
three
months ended in Mar. 2026 was €24 Mil. Royal Gold's Cost of Goods Sold for the
three
months ended in Mar. 2026 was €134 Mil.
Hence, Royal Gold's Days Inventory for the
three
months ended in Mar. 2026 was 16.66.
The historical rank and industry rank for Royal Gold's Days Inventory or its related term are showing as below:
FRA:RG3'
s Days Inventory Range Over the Past 10 Years
Min: 9.95 Med: 15.79 Max: 22.4
Current: 18.73
During the past 13 years, Royal Gold's highest Days Inventory was 22.40. The lowest was 9.95. And the median was 15.79.
FRA:RG3's Days Inventory is ranked better than 93.83% of 681
companies
in the Metals & Mining industry
Industry Median: 85.61
vs FRA:RG3: 18.73
Royal Gold's Days Inventory
declined
from Mar. 2025 (21.52) to Mar. 2026 (16.66).
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 Mar. 2026 was 5.48.
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 Mar. 2026 was 0.06.
Royal Gold (FRA:RG3) 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 Mar. 2026 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 Mar. 2026 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
Royal Gold Days Inventory Historical Data
* Premium members only.
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.
FRA:RG3 vs CDE, AUGO, SA: Days Inventory 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 vs Metals & Mining Industry
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.
* 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 (FRA:RG3) has a Days Inventory of 16.66 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Royal Gold and its competitors. This is near median its historical median of 15.79. Over the past decade, Royal Gold's Days Inventory has ranged from 9.95 to 22.40. According to the industry distribution chart, Royal Gold ranks #42 out of 681 companies in the Metals & Mining industry, placing it in the top 6.2%.
Is Royal Gold's Days Inventory too high?
Royal Gold's current Days Inventory of 16.66 is near median its 10-year median of 15.79. Over the past 10 years, this metric has ranged from a low of 9.95 to a high of 22.40. The Metals & Mining industry median Days Inventory is 85.61. Royal Gold's value of 16.66 is 80.5% below this industry median. Based on the distribution chart, Royal Gold ranks #42 out of 681 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Royal Gold has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Royal Gold's Days Inventory compare to CDE and AUGO?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #42 out of 681 companies for Days Inventory. This places Royal Gold in the top 6% of its industry — outperforming the majority of peers. The industry median Days Inventory is 85.61. Royal Gold's value of 16.66 is 80.5% below this benchmark. Historically, Royal Gold's own Days Inventory has ranged from 9.95 to 22.40 over the past decade. While the company's 10-year median is 15.79 vs. the industry median of 85.61, Royal Gold has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Metals & Mining company?
The median Days Inventory among Metals & Mining companies is 85.61, based on 681 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royal Gold's current Days Inventory of 16.66 is 80.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Royal Gold and its competitors. For the Metals & Mining industry, the median Days Inventory is 85.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Gold's current Days Inventory is 16.66, which is near median its own 10-year median of 15.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Gold stock overvalued right now?
Based on GuruFocus' analysis, Royal Gold (FRA:RG3) is currently considered Modestly Undervalued. The stock's GF Value™ is €238.93, compared to a current price of €182.70 — trading 23.5% below its estimated fair value. The current Days Inventory is 16.66, which is near median its 10-year median of 15.79 and 80.5% below the Metals & Mining industry median of 85.61. Royal Gold's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current Days Inventory is 16.66 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Royal Gold (FRA:RG3) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Gold stock appears to be undervalued.
The current stock price of €182.70 is trading 23.5% below its estimated GF Value™ of €238.93.
GuruFocus considers Royal Gold to be Modestly Undervalued.
Key valuation signals for FRA:RG3:
Days Inventory: 16.66 (near median its 10-year median of 15.79)
GF Value™: €238.93 vs. price of €182.70 (23.5% below fair value)
Industry Position: 80.5% below the Metals & Mining median (#42 of 681)
No single metric tells the full story. See the FRA:RG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royal Gold Inc enquires and manages precious metal royalties and streams with a focus on gold. The company purchases a percentage of the metal produced from a mineral property for an initial payment without assuming responsibility for 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 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.
91GF Score
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