Royal Net Income vs Gross Profit Analysis

RGLD Stock  USD 121.81  2.62  2.20%   
Royal Gold financial indicator trend analysis is much more than just breaking down Royal Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royal Gold is a good investment. Please check the relationship between Royal Gold Net Income and its Gross Profit accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade Royal Stock refer to our How to Trade Royal Stock guide.

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Gold Net Income account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Royal Gold's Net Income and Gross Profit is 0.81. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Royal Gold, assuming nothing else is changed. The correlation between historical values of Royal Gold's Net Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Royal Gold are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Net Income i.e., Royal Gold's Net Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Royal Gold financial statement analysis. It represents the amount of money remaining after all of Royal Gold operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Royal Gold minus its cost of goods sold. It is profit before Royal Gold operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Royal Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royal Gold current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade Royal Stock refer to our How to Trade Royal Stock guide.The current year's Selling General Administrative is expected to grow to about 41.8 M, whereas Tax Provision is forecasted to decline to about 19.5 M.
 2020 2021 2023 2024 (projected)
Gross Profit332.6M322.6M371.0M389.5M
Total Revenue615.9M603.2M693.7M728.4M

Royal Gold fundamental ratios Correlations

0.870.790.80.980.670.430.680.070.97-0.160.070.70.930.830.140.930.870.120.450.70.140.88-0.1-0.10.63
0.870.690.70.790.720.730.64-0.240.92-0.05-0.240.550.710.92-0.090.720.93-0.20.430.640.30.86-0.24-0.240.71
0.790.691.00.810.50.550.75-0.310.86-0.25-0.310.360.670.53-0.030.70.62-0.270.730.8-0.350.9-0.37-0.370.57
0.80.71.00.820.510.550.75-0.30.86-0.25-0.30.370.680.54-0.040.710.63-0.270.730.84-0.320.9-0.38-0.380.59
0.980.790.810.820.660.320.680.130.94-0.140.130.710.950.720.160.960.760.170.50.710.050.84-0.1-0.10.59
0.670.720.50.510.660.410.3-0.030.690.6-0.030.440.690.67-0.130.690.58-0.010.310.470.240.54-0.11-0.110.66
0.430.730.550.550.320.410.37-0.80.63-0.15-0.8-0.040.240.65-0.450.260.67-0.780.530.470.080.68-0.49-0.490.61
0.680.640.750.750.680.30.37-0.060.67-0.32-0.060.610.430.520.160.430.6-0.020.340.57-0.380.85-0.09-0.090.26
0.07-0.24-0.31-0.30.13-0.03-0.8-0.06-0.180.151.00.470.19-0.070.630.17-0.111.0-0.59-0.230.2-0.280.570.57-0.32
0.970.920.860.860.940.690.630.67-0.18-0.17-0.180.570.880.84-0.030.880.88-0.140.590.750.090.93-0.25-0.250.72
-0.16-0.05-0.25-0.25-0.140.6-0.15-0.320.15-0.170.15-0.04-0.03-0.04-0.15-0.04-0.20.13-0.2-0.180.19-0.290.110.110.1
0.07-0.24-0.31-0.30.13-0.03-0.8-0.061.0-0.180.150.470.19-0.060.620.17-0.111.0-0.59-0.230.2-0.270.570.57-0.31
0.70.550.360.370.710.44-0.040.610.470.57-0.040.470.660.570.580.620.570.52-0.080.330.230.50.520.520.01
0.930.710.670.680.950.690.240.430.190.88-0.030.190.660.680.130.990.70.230.440.630.230.69-0.03-0.030.61
0.830.920.530.540.720.670.650.52-0.070.84-0.04-0.060.570.680.060.670.98-0.030.150.50.40.78-0.04-0.040.61
0.14-0.09-0.03-0.040.16-0.13-0.450.160.63-0.03-0.150.620.580.130.060.120.080.65-0.48-0.130.08-0.030.750.75-0.56
0.930.720.70.710.960.690.260.430.170.88-0.040.170.620.990.670.120.70.210.480.650.210.7-0.1-0.10.64
0.870.930.620.630.760.580.670.6-0.110.88-0.2-0.110.570.70.980.080.7-0.070.230.560.310.85-0.08-0.080.6
0.12-0.2-0.27-0.270.17-0.01-0.78-0.021.0-0.140.131.00.520.23-0.030.650.21-0.07-0.56-0.20.21-0.240.590.59-0.31
0.450.430.730.730.50.310.530.34-0.590.59-0.2-0.59-0.080.440.15-0.480.480.23-0.560.57-0.290.55-0.67-0.670.61
0.70.640.80.840.710.470.470.57-0.230.75-0.18-0.230.330.630.5-0.130.650.56-0.20.57-0.060.75-0.37-0.370.61
0.140.3-0.35-0.320.050.240.08-0.380.20.090.190.20.230.230.40.080.210.310.21-0.29-0.06-0.160.220.220.19
0.880.860.90.90.840.540.680.85-0.280.93-0.29-0.270.50.690.78-0.030.70.85-0.240.550.75-0.16-0.28-0.280.61
-0.1-0.24-0.37-0.38-0.1-0.11-0.49-0.090.57-0.250.110.570.52-0.03-0.040.75-0.1-0.080.59-0.67-0.370.22-0.281.0-0.66
-0.1-0.24-0.37-0.38-0.1-0.11-0.49-0.090.57-0.250.110.570.52-0.03-0.040.75-0.1-0.080.59-0.67-0.370.22-0.281.0-0.66
0.630.710.570.590.590.660.610.26-0.320.720.1-0.310.010.610.61-0.560.640.6-0.310.610.610.190.61-0.66-0.66
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Royal Gold Account Relationship Matchups

Royal Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.5B2.8B2.7B3.5B4.1B4.3B
Other Current Liab30.7M41.1M45.7M56.9M65.4M68.7M
Total Current Liabilities33.6M43.6M52.1M63.6M73.1M76.8M
Total Stockholder Equity2.1B2.3B2.5B2.7B3.2B3.3B
Property Plant And Equipment Net2.3B2.3B4.8M3.2B3.7B3.9B
Net Debt(18.7M)(225.9M)327.7M453.0M520.9M547.0M
Retained Earnings61.1M286.2M527.3M527.3M606.4M636.7M
Cash119.5M319.1M225.9M118.6M136.4M142.1M
Non Current Assets Total2.4B2.4B3.2B3.3B3.9B4.0B
Non Currrent Assets Other85.2M92.3M(3.2B)111.3M100.2M105.2M
Cash And Short Term Investments119.5M319.1M225.9M118.6M136.4M142.4M
Net Receivables30.1M51.8M49.4M52.5M60.3M63.4M
Common Stock Shares Outstanding65.5M65.6M65.6M65.7M75.5M79.3M
Liabilities And Stockholders Equity2.8B2.7B3.4B3.5B4.1B4.3B
Non Current Liabilities Total420.6M96.1M571.6M717.5M825.1M866.3M
Other Current Assets1.2M1.8M5.2M2.1M2.4M2.6M
Other Stockholder Equity2.2B2.2B2.2B2.2B2.5B2.7B
Total Liab373.7M464.2M148.2M781.1M898.2M943.1M
Total Current Assets154.7M362.2M297.1M185.8M213.7M169.4M
Inventory11.4M11.7M17.7M12.7M11.4M10.8M
Accounts Payable2.9M2.5M6.4M6.7M7.7M8.1M
Property Plant And Equipment Gross2.3B2.3B2.3B4.9B5.6B5.9B
Other Liab111.9M88.9M87.7M140.3M161.3M169.4M
Other Assets34.2M56.3M80.1M106.1M122.1M128.2M
Property Plant Equipment2.3B6.0M5.6M4.8M5.5M5.2M
Long Term Debt351.0M214.6M300.4M571.6M657.3M690.2M
Net Tangible Assets2.3B2.5B2.6B2.7B3.2B2.5B
Noncontrolling Interest In Consolidated Entity39.1M33.8M29.9M12.6M14.5M13.8M
Retained Earnings Total Equity(89.9M)(65.7M)61.1M286.2M257.6M270.5M
Capital Surpluse2.2B2.2B2.2B2.2B2.5B2.3B
Deferred Long Term Liab89.0M86.4M88M4.4M4.0M3.8M

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When determining whether Royal Gold is a strong investment it is important to analyze Royal Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Royal Gold's future performance. For an informed investment choice regarding Royal Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade Royal Stock refer to our How to Trade Royal Stock guide.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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Is Royal Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Royal Gold. If investors know Royal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Royal Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.142
Dividend Share
0.6
Earnings Share
3.63
Revenue Per Share
9.842
Quarterly Revenue Growth
0.059
The market value of Royal Gold is measured differently than its book value, which is the value of Royal that is recorded on the company's balance sheet. Investors also form their own opinion of Royal Gold's value that differs from its market value or its book value, called intrinsic value, which is Royal Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Royal Gold's market value can be influenced by many factors that don't directly affect Royal Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Royal Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royal Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royal Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.