Royal Gold (LTS:0KXS) Inventory Turnover : 5.84 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Royal Gold Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Royal Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was $62.0 Mil. Royal Gold's Average Total Inventories for the quarter that ended in Mar. 2024 was $10.6 Mil. Royal Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.84.

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 Mar. 2024 was 15.61.

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 Mar. 2024 was 0.07.

Royal Gold Inventory Turnover Historical Data

The historical data trend for Royal Gold's Inventory Turnover 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 Inventory Turnover Chart

Royal Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

23.65

22.83

19.30

18.50

23.41

Royal Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															6.05	5.67	6.16	6.44	5.84

Royal Gold Inventory Turnover Calculation

Royal Gold's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	262.754	/ (	(12.656	+	9.788)	/	2 )
=	262.754	/	11.222
=	23.41

Royal Gold's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	61.965	/ (	(9.788	+	11.417)	/	2 )
=	61.965	/	10.6025
=	5.84

Royal Gold (LTS:0KXS) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	10.6025	/	61.965	*	365 / 4
	=	15.61

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	10.6025	/	148.902
	=	0.07

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Royal Gold Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Royal Gold's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Royal Gold (LTS:0KXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Royal Gold Inc (LTS:0KXS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RGLD:USA RG3:Germany

Address

1144 15th Street, Suite 2500, Denver, CO, USA, 80202

Website

https://www.royalgold.com

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.

Royal Gold (LTS:0KXS) Headlines

No Headlines