Royal Gold (FRA:RG3) Asset Turnover: 0.05 (As of Mar. 2026)


FRA:RG3 Royal Gold Inc FRA:RG3
91 GF Score
Price €175.00
GF Value €238.64
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Royal Gold Asset Turnover?

Royal Gold FRA:RG3 -3.47% 91 Asset Turnover is 0.05 as of Mar. 2026. GuruFocus rates FRA:RG3 with a GF Score™ of 91/100 and a GF Value™ of €238.64 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Royal Gold's Revenue for the three months ended in Mar. 2026 was €406 Mil. Royal Gold's Total Assets for the quarter that ended in Mar. 2026 was €8,177 Mil. Therefore, Royal Gold's Asset Turnover for the quarter that ended in Mar. 2026 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Royal Gold's annualized ROE % for the quarter that ended in Mar. 2026 was 15.53%. It is also linked to ROA % through Du Pont Formula. Royal Gold's annualized ROA % for the quarter that ended in Mar. 2026 was 11.90%.


Royal Gold  (FRA:RG3) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Royal Gold's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=972.708/6263.1365
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(972.708 / 1623.172)*(1623.172 / 8176.8205)*(8176.8205/ 6263.1365)
=Net Margin %*Asset Turnover*Equity Multiplier
=59.93 %*0.1985*1.3055
=ROA %*Equity Multiplier
=11.90 %*1.3055
=15.53 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Royal Gold's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=972.708/8176.8205
=(Net Income / Revenue)*(Revenue / Total Assets)
=(972.708 / 1623.172)*(1623.172 / 8176.8205)
=Net Margin %*Asset Turnover
=59.93 %*0.1985
=11.90 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

* 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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Royal Gold Asset Turnover Related Terms


Royal Gold Asset Turnover Historical Data

* Premium members only.

The historical data trend for Royal Gold's Asset 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.

Royal Gold Asset Turnover Chart

Royal Gold Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.21 0.17 0.22 0.16

Royal Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.06 0.06 0.05 0.05

FRA:RG3 vs CDE, AUGO, SA: Asset Turnover Comparison

For the Gold subindustry, Royal Gold's Asset Turnover, along with its competitors' market caps and Asset Turnover 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 Asset Turnover vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Royal Gold's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Royal Gold's Asset Turnover falls into.


FRA:RG3
91GF Score
Royal Gold Inc FRA:RG3
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Royal Gold Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Royal Gold's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=880.022/( (3239.484+8145.045)/ 2 )
=880.022/5692.2645
=0.15

Royal Gold's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=405.793/( (8145.045+8208.596)/ 2 )
=405.793/8176.8205
=0.05

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.05 mean?
Royal Gold (FRA:RG3) has a Asset Turnover of 0.05 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Royal Gold and its competitors.
Is Royal Gold's Asset Turnover too high?
Royal Gold's current Asset Turnover is 0.05. 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 Asset Turnover compare to CDE and AUGO?
Royal Gold's Asset Turnover of 0.05 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Metals & Mining company?
A good Asset Turnover depends on the Metals & Mining industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Royal Gold and its competitors. Royal Gold's current Asset Turnover is 0.05. 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 €238.64, compared to a current price of €175.00 — trading 26.7% below its estimated fair value. The current Asset Turnover is 0.05. 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 Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current Asset Turnover is 0.05 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 €175.00 is trading 26.7% below its estimated GF Value™ of €238.64. GuruFocus considers Royal Gold to be Modestly Undervalued.

Key valuation signals for FRA:RG3:

  • Asset Turnover: 0.05
  • GF Value™: €238.64 vs. price of €175.00 (26.7% below fair value)
  • GF Score™: 91/100 with 2 warning signs

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 Business Description

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

Get the complete analysis for FRA:RG3

Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€175.00
Price
€238.64
GF Value