Royal Gold, Inc. Financial Ratios — RGLD Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	74.06	55	33.97	29.93	26.44	-65.66	147.21	- -	- -	- -	173.52	58.65	40.07	42.63	44.02
Return on Assets (%)	3.79	4.32	2.62	2.16	1.79	-2.58	3.29	-3.92	3.59	7.51	11.17	7.73	6.94	9.83	7.21
Return on Capital (%)	19.49	20.14	14.9	14.86	13.28	- -	19.48	- -	50.96	- -	89.06	35.87	26.01	37.1	31.54
Return on Invested Capital (%)	4.66	5.24	3.78	3.1	3.71	- -	3.91	- -	4.79	- -	10.55	8.64	7.94	10.62	9.68
Gross Margin (%)	64.69	67.9	67.49	54.78	52.38	39.95	43.59	45.58	42.16	47.25	54.01	53.48	56.62	65.45	69.27
EBITDA Margin (%)	86.07	88.56	88.58	84.36	76.27	67.96	69.32	71.57	71.8	75.32	79.12	77.41	77.29	79.83	81.69
Operating Margin (%)	54.94	60.05	59.18	45.84	42.65	28.74	33.11	35.91	33.26	40.15	49.31	47.74	50.06	59.76	64.5
Incremental Operating Margin (%)	73.2	83.8	50.46	119.95	24.11	-18.55	52.5	103.62	67.03	78.64	88.36	124.11	605.58	111.45	75.47
Pretax Margin (%)	53.71	58.17	47.43	34.97	22.39	-6.05	26.97	-22.78	25.19	38.61	55.15	45.24	46.58	59.23	55.69
Profit Margin (%)	32.98	35.15	23.91	26.41	18.69	-21.44	23.03	-24.65	22.18	39.96	49.12	39.62	39.53	46.15	45.25
Net Income to Common Margin (%)	32.98	35.15	23.91	26.41	18.69	-21.44	23.03	-24.65	22.18	39.96	49.12	39.62	39.53	46.15	45.25
Effective Tax Rate (%)	33.52	35.75	46.48	23.46	15.37	- -	22.24	- -	16.42	- -	10.85	12.07	14.89	21.97	17.82
Dvd Payout Ratio (%)	26.6	28.33	56.57	83.01	104.99	-66.93	73.69	-51.06	80.01	37	25.11	38.16	40.93	31.61	24.85
Sustainable Growth Rate (%)	54.36	39.42	14.75	5.08	-1.32	-109.6	38.74	- -	- -	- -	129.95	36.27	23.67	29.15	33.08

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	226	293	302	312	314	601	586	351	215	300	- -	572	246	- -	895
ST Debt	16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	210	293	302	312	314	601	586	351	215	300	- -	572	246	- -	895
Total Debt/EBITDA	1.21	1.26	1.18	1.56	1.48	2.46	1.92	1.07	0.71	0.8	- -	1.22	0.53	- -	1.06
Net Debt/EBITDA	0.6	-0.35	-1.41	-1.74	-2.02	1.98	1.64	0.8	0.31	-0.05	-0.46	0.97	0.3	-0.34	0.79
Total Debt/EBIT	1.9	1.86	1.77	2.87	2.65	5.81	4.02	2.13	1.52	1.5	- -	1.98	0.81	- -	1.35
Net Debt/EBIT	0.94	-0.52	-2.11	-3.2	-3.62	4.68	3.43	1.59	0.68	-0.09	-0.74	1.57	0.47	-0.45	1
EBITDA to Interest Expense	24.07	31.27	10.34	8.57	8.25	7.49	8.4	9.6	10.24	38.29	75.91	27.19	15.17	58.91	29
EBITDA-CapEx/Interest Expense	-12.1	-5.87	-2.34	5.14	5.9	-33.77	2.8	9.26	10.21	22.39	49.71	-26.51	15.08	48.39	-11.13
EBIT to Interest Expense	15.36	21.2	6.91	4.66	4.62	3.17	4.01	4.82	4.75	20.41	47.31	16.77	9.82	44.1	22.9
Interest Expense	8	7	25	23	26	33	36	34	30	10	6	17	31	10	29
Common Equity/Total Assets	7.38	8.24	7.27	7.17	6.37	1.6	2.87	-3.33	-2.56	2.23	10.82	14.94	19.85	26.26	12.88
Long-Term Debt/Equity (%)	14.15	15.74	12.75	13.14	12.99	26.28	25.26	16.39	9.89	13.05	- -	20.76	8.48	- -	12.43
Long-Term Debt/Capital (%)	53.42	57.04	56.47	58.08	55.8	84.99	81.44	116.66	117.09	76.62	- -	51.4	26.57	- -	41.23
Long-Term Debt/Total Assets (%)	11.06	12.34	10.4	10.79	10.76	19.57	18.94	13.09	8.43	10.86	- -	16.17	7.32	- -	9.39
Total Debt/Equity (%)	15.2	15.74	12.75	13.14	12.99	26.28	25.26	16.39	9.89	13.05	- -	20.76	8.48	- -	12.43
Total Debt/Capital (%)	57.38	57.04	56.47	58.08	55.8	84.99	81.44	116.66	117.09	76.62	- -	51.4	26.57	- -	41.23
Total Debt/Total Assets (%)	11.88	12.34	10.4	10.79	10.76	19.57	18.94	13.09	8.43	10.86	- -	16.17	7.32	- -	9.39
Net Debt to Equity	7.52	-4.41	-15.26	-14.65	-17.76	21.18	21.56	12.25	4.38	-0.81	-9.02	16.45	4.89	-6.24	9.18
Net Debt/Capital (%)	40	-59.3	281.02	283.56	237.79	82.02	78.93	123.64	149.12	-25.6	-306.8	45.6	17.26	-27.64	34.15
EBITDA	186	233	256	200	212	245	306	329	304	376	487	467	468	574	842
EBITDA-CapEx	-94	-44	-58	120	152	-1,102	102	317	303	220	319	-455	465	472	-323
Operating Income (Loss)	119	158	171	109	119	103	146	165	141	200	304	288	303	430	665

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	3.96	24.69	18.93	29.31	30	4.51	2.5	1.73	3.55	7.33	4.34	1.86	1.44	2.3	1.93
Current Ratio	5.87	29.27	21.22	32.7	31.92	6.5	4.19	2.45	4.6	8.31	5.71	2.92	2.31	3.23	3.12
Quick Ratio	5.65	28.96	20.79	32.36	31.76	6.1	3.93	2.24	4.25	8.02	5.33	2.69	2.15	3.05	2.87
CFO/Avg Current Liab	4.55	7.36	6.86	5.11	8.09	6.66	8.87	7.68	5.96	8.83	8.51	7.22	6.11	6.72	6.84
Common Equity/Total Assets	7.38	8.24	7.27	7.17	6.37	1.6	2.87	-3.33	-2.56	2.23	10.82	14.94	19.85	26.26	12.88
Long-Term Debt/Equity (%)	14.15	15.74	12.75	13.14	12.99	26.28	25.26	16.39	9.89	13.05	- -	20.76	8.48	- -	12.43
Long-Term Debt/Capital (%)	53.42	57.04	56.47	58.08	55.8	84.99	81.44	116.66	117.09	76.62	- -	51.4	26.57	- -	41.23
Long-Term Debt/Total Assets (%)	11.06	12.34	10.4	10.79	10.76	19.57	18.94	13.09	8.43	10.86	- -	16.17	7.32	- -	9.39
Total Debt/Equity (%)	15.2	15.74	12.75	13.14	12.99	26.28	25.26	16.39	9.89	13.05	- -	20.76	8.48	- -	12.43
Total Debt/Capital (%)	57.38	57.04	56.47	58.08	55.8	84.99	81.44	116.66	117.09	76.62	- -	51.4	26.57	- -	41.23
Total Debt/Total Assets (%)	11.88	12.34	10.4	10.79	10.76	19.57	18.94	13.09	8.43	10.86	- -	16.17	7.32	- -	9.39
CFO/Total Liabilities	35.41	31.61	32.29	28.36	38.32	21.6	34.49	60.81	67.75	73.41	274.75	53.43	90.31	202.93	30.22
CFO/CapEx	0.52	0.59	0.55	1.84	3.18	0.13	1.31	27.84	239.97	2.18	2.42	0.45	155.26	5.16	0.61
Altman's Z-Score	5.14	5.89	3.66	6.31	5.43	3.89	4.33	7.09	11.13	11.12	31.15	6.37	11.13	20.97	4.52

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	4.85	5.12	5.54	4.89	6.59	12.93	19.65	17.24	17.97	20.6	16.44	12.48	12.33	12.81	11.82
Days Sales Outstanding	75.19	71.3	65.83	74.67	55.36	28.24	18.58	21.17	20.31	17.72	22.2	29.24	29.61	28.5	30.87
Inventory Turnover	- -	- -	- -	- -	115.77	36.7	28.63	29.06	23.65	22.83	19.3	18.5	23.41	21.84	16.3
Days Inventory Outstanding	- -	- -	- -	- -	3.15	9.95	12.75	12.56	15.43	15.99	18.92	19.73	15.59	16.71	22.4
Accounts Payable Turnover	31.42	33.03	34.49	31.85	30.58	49.48	61.59	38.66	41.2	98.04	65.13	42.12	28.67	22.87	31.93
Accounts Payable Turnover Days	11.62	11.05	10.58	11.46	11.94	7.38	5.93	9.44	8.86	3.72	5.6	8.67	12.73	15.96	11.43
Cash Conversion Cycle	63.58	60.25	55.25	63.21	46.58	30.81	25.4	24.29	26.89	29.98	35.52	40.31	32.47	29.25	41.84
Inventory to Cash Days	75.19	71.3	65.83	74.67	52.21	18.29	5.83	8.61	4.88	1.73	3.29	9.51	14.03	11.79	8.47
Inventories	- -	- -	- -	- -	2	9	8	9	11	12	18	13	10	13	26
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	2	9	8	9	11	12	18	13	10	13	26

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	3,224	4,486	2,662	4,942	4,004	4,687	5,093	6,062	6,702	8,146	7,479	7,392	7,937	8,658	15,432
- Cash & Cash Equivalents	114	375	664	660	743	117	86	89	119	319	226	119	104	195	234
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	28	25	22	18	63	57	45	39	34	30	13	12	12	12	48
+ Total Debt	226	293	302	312	314	601	586	351	215	300	- -	572	246	- -	895
Enterprise Value	3,364	4,429	2,322	4,612	3,631	5,228	5,638	6,363	6,831	8,157	7,266	7,857	8,091	8,474	16,142
Total Capital	394	514	535	537	562	707	720	301	183	392	300	1,112	926	903	2,172
Total Debt/Capital (%)	57.38	57.04	56.47	58.08	55.8	84.99	81.44	116.66	117.09	76.62	- -	51.4	26.57	- -	41.23
Total Debt / EV	0.07	0.07	0.13	0.07	0.09	0.11	0.1	0.06	0.03	0.04	- -	0.07	0.03	- -	0.06
EV/Sales	15.54	16.84	8.03	19.45	13.06	14.53	12.79	13.86	16.15	16.35	11.8	13.03	13.36	11.78	15.66
EV/EBITDA	18.05	19.01	9.06	23.05	17.12	21.38	18.45	19.37	22.49	21.71	14.91	16.83	17.28	14.76	19.18
EV/EBIT	28.29	28.04	13.56	42.42	30.63	50.55	38.63	38.6	48.55	40.73	23.92	27.28	26.68	19.71	24.29
EV/Cash Flow to Firm	22.12	26.53	12.49	27.94	16.98	17.85	19.1	17.3	24.58	23.26	17.6	18.17	18.3	15.78	22.15
EV/Free Cash Flow to Firm	7.78	9.98	4.64	18.82	13.24	3.19	11.3	16.76	24.48	16.1	12.5	5.8	18.19	13.25	8.53
Diluted Market Cap	3,240	4,505	2,669	4,950	4,011	4,687	5,103	6,062	6,714	8,161	7,488	7,401	7,952	8,673	15,463
Diluted Enterprise Value	3,380	4,448	2,329	4,621	3,645	5,228	5,648	6,363	6,843	8,172	7,275	7,867	8,106	8,489	16,173
EV per Share	61.1	77.4	36.7	71.05	55.86	80.33	86.54	97.46	104.46	124.49	110.85	119.82	123.31	129.06	232.52
TTM Sales	216	263	289	237	278	360	441	459	423	499	616	603	606	719	1,030
TTM EBITDA	186	233	256	200	212	245	306	329	304	376	487	467	468	574	842
TTM Operating Income	119	158	171	109	119	103	146	165	141	200	304	288	303	430	665
TTM Cash Flow to Firm	152	167	186	165	214	293	295	368	278	351	413	432	442	537	729
TTM Free Cash Flow to Firm	432	444	500	245	274	1,639	499	380	279	507	581	1,355	445	640	1,893

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	7.59	10.27	5.48	21.79	15.88	3.09	10.84	17.8	26.41	16.43	13.02	5.53	19	13.72	8.27
EV/EBIT	28.29	28.04	13.56	42.42	30.63	50.55	38.63	38.6	48.55	40.73	23.92	27.28	26.68	19.71	24.29
Enterprise Value	3,364	4,429	2,322	4,612	3,631	5,228	5,638	6,363	6,831	8,157	7,266	7,857	8,091	8,474	16,142
Low Price	42.15	57	38.63	40.45	55.55	24.68	60.21	76.15	70.16	59.78	99.32	84.54	101.82	100.55	131.73
EV/Sales	15.54	16.84	8.03	19.45	13.06	14.53	12.79	13.86	16.15	16.35	11.8	13.03	13.36	11.78	15.66
EV/EBITDA	18.05	19.01	9.06	23.05	17.12	21.38	18.45	19.37	22.49	21.71	14.91	16.83	17.28	14.76	19.18
Price/Earnings	45.16	48.51	38.49	78.89	77.05	- -	50.16	- -	71.43	40.86	24.72	30.93	33.15	26.08	33.1
Price/Earnings Average	39.62	43.18	67.21	58.6	85.41	-40.87	46.8	-49.94	58.65	38.16	25.57	30.33	32.77	25.7	25.93
Price/Earnings High	48.06	51.9	92.23	79.63	103.63	-60.77	56.3	-54.47	71.52	45.9	31.99	40.53	40.51	30.67	35.07
Price/Earnings Low	32.5	35.27	35.33	41.91	69.49	-20.82	38.64	-43.95	48.9	19.65	21.52	23.2	27.9	19.89	19.61
Price/Book Value	22.96	22.9	12.6	23.85	21.55	95.19	57.42	-67.92	-102.97	131.84	26.07	14	11.9	9.72	12.57
Price/Book Value Average	20.15	20.39	22	17.71	23.89	64.04	53.57	-63.31	-84.54	123.13	26.96	13.73	11.76	9.58	9.85
Price/Book Value High	24.44	24.5	30.19	24.07	28.99	95.22	64.45	-69.06	-103.1	148.07	33.73	18.35	14.54	11.43	13.31
Price/Book Value Low	16.53	16.65	11.56	12.67	19.44	32.62	44.23	-55.71	-70.49	63.39	22.69	10.5	10.01	7.41	7.45
Price/Tangible Book Value	2.17	2.41	1.12	2.08	1.66	2.05	2.2	2.83	3.09	3.54	2.99	2.68	2.74	2.76	2.14
Price/Tangible Book Value Average	1.9	2.14	1.96	1.55	1.84	1.38	2.05	2.64	2.54	3.3	3.09	2.63	2.71	2.73	1.68
Price/Tangible Book Value High	2.31	2.58	2.69	2.1	2.23	2.05	2.46	2.88	3.09	3.97	3.87	3.52	3.34	3.25	2.27
Price/Tangible Book Value Low	1.56	1.75	1.03	1.11	1.49	0.7	1.69	2.32	2.11	1.7	2.6	2.01	2.3	2.11	1.27
Price/Sales	14.9	17.05	9.2	20.84	14.4	13.03	11.55	13.21	15.84	16.33	12.14	12.25	13.1	12.03	14.98
Price/Sales Average	13.07	15.18	16.07	15.48	15.96	8.76	10.78	12.31	13.01	15.25	12.56	12.02	12.95	11.86	11.73
Price/Sales High	15.85	18.24	22.05	21.03	19.37	13.03	12.97	13.43	15.86	18.34	15.71	16.06	16.01	14.16	15.87
Price/Sales Low	10.72	12.4	8.45	11.07	12.99	4.46	8.9	10.83	10.85	7.85	10.57	9.19	11.03	9.18	8.87
Price/Cash Flow	21.94	27.66	15.42	33.57	20.84	27.68	19.09	18.43	26.47	23.91	18.37	17.71	19.09	16.35	21.89
Price/Cash Flow Average	19.25	24.62	26.92	24.94	23.1	18.62	17.81	17.18	21.74	22.33	19	17.37	18.87	16.11	17.15
Price/Cash Flow High	23.35	29.59	36.95	33.89	28.03	27.69	21.42	18.74	26.51	26.85	23.77	23.21	23.33	19.23	23.2
Price/Cash Flow Low	15.79	20.11	14.15	17.84	18.8	9.49	14.7	15.12	18.12	11.5	15.99	13.28	16.07	12.47	12.97
Price/Free Cash Flow Average	6.66	9.14	9.57	16.19	17.61	2.08	10.12	16.59	21.68	15.34	13.46	5.42	18.79	13.52	6.48
Price/Free Cash Flow High	8.08	10.98	13.14	21.99	21.36	3.09	12.17	18.09	26.44	18.45	16.84	7.24	23.22	16.14	8.76
Price/Free Cash Flow Low	5.46	7.46	5.03	11.58	14.33	1.06	8.35	14.6	18.08	7.9	11.33	4.14	16	10.46	4.9
EV/Sales Average	13.71	14.96	14.89	14.09	14.65	10.27	12.02	12.97	13.31	15.27	12.21	12.79	13.21	11.61	12.42
EV/Sales High	16.5	18.03	20.88	19.64	18.05	14.53	14.2	14.08	16.17	18.36	15.37	16.83	16.27	13.9	16.56
EV/Sales Low	11.36	12.18	7.27	9.68	11.67	5.97	10.14	11.49	11.15	7.87	10.22	9.96	11.28	8.92	9.56
EV/EBITDA Average	15.93	16.89	16.81	16.7	19.2	15.11	17.33	18.12	18.54	20.28	15.44	16.52	17.09	14.54	15.21
EV/EBITDA High	19.17	20.35	23.57	23.28	23.67	21.38	20.49	19.68	22.52	24.38	19.42	21.74	21.05	17.41	20.27
EV/EBITDA Low	13.2	13.75	8.21	11.48	15.3	8.78	14.62	16.05	15.53	10.46	12.92	12.87	14.6	11.18	11.71
EV/EBIT Average	24.96	24.92	25.17	30.73	34.34	35.73	36.29	36.11	40.03	38.04	24.76	26.78	26.39	19.42	19.26
EV/EBIT High	30.03	30.02	35.28	42.85	42.33	50.57	42.91	39.22	48.61	45.74	31.16	35.25	32.5	23.26	25.67
EV/EBIT Low	20.69	20.29	12.29	21.12	27.37	20.76	30.62	31.99	33.52	19.61	20.73	20.87	22.54	14.93	14.83
Last Price	58.57	78.4	42.08	76.13	61.59	72.02	78.17	92.84	102.49	124.32	114.1	112.72	120.96	131.85	222.29
High Price	62.33	83.87	100.84	76.85	82.84	72.04	87.74	94.39	102.62	139.63	147.64	147.7	147.82	155.1	235.52
Enterprise Value Average	2,968	3,936	4,307	3,341	4,072	3,694	5,297	5,952	5,632	7,619	7,521	7,713	8,001	8,350	12,801
Enterprise Value High	3,571	4,742	6,038	4,658	5,019	5,229	6,262	6,464	6,840	9,160	9,464	10,151	9,853	10,001	17,061
Enterprise Value Low	2,460	3,204	2,103	2,296	3,245	2,147	4,468	5,273	4,717	3,928	6,297	6,009	6,835	6,419	9,855

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	55	59	65	65	65	65	65	65	65	66	66	66	66	66	84
Diluted Weighted Avg Shares	55	57	63	65	65	65	65	65	66	66	66	66	66	66	70
Basic Weighted Avg Shares	55	57	63	65	65	65	65	65	65	66	66	66	66	66	69
Revenue per Share	3.93	4.6	4.57	3.65	4.28	5.53	6.77	7.03	6.47	7.61	9.4	9.2	9.23	10.96	14.84
EBITDA per Share	3.38	4.07	4.05	3.08	3.26	3.76	4.69	5.03	4.65	5.73	7.43	7.12	7.13	8.75	12.12
Operating Income per Share	2.16	2.76	2.71	1.67	1.82	1.59	2.24	2.52	2.15	3.06	4.63	4.39	4.62	6.55	9.57
Basic EPS, GAAP	1.3	1.62	1.09	0.97	0.8	-1.19	1.56	-1.73	1.43	3.04	4.62	3.64	3.65	5.06	6.72
Basic EPS from Cont Ops	1.4	1.72	1.16	0.98	0.81	-1.27	1.42	-1.83	1.36	3	4.62	3.66	3.66	5.06	6.79
Diluted EPS, GAAP	1.29	1.61	1.09	0.96	0.8	-1.19	1.56	-1.73	1.43	3.04	4.61	3.64	3.64	5.05	6.7
Diluted EPS from Cont Ops	1.4	1.71	1.16	0.98	0.81	-1.27	1.42	-1.83	1.36	2.99	4.61	3.65	3.65	5.05	6.78
Dividend per Share	0.4	0.52	0.69	0.82	0.86	0.9	0.94	0.98	1.03	1.09	1.16	1.4	1.5	1.6	1.71
Cash Flow per Share	2.67	2.83	2.73	2.27	2.96	2.6	4.1	5.04	3.87	5.2	6.21	6.36	6.34	8.06	10.15
Free Cash Flow per Basic Share	-2.42	-2	-2.24	1.04	2.03	-18.08	0.97	4.86	3.86	2.82	3.65	-7.7	6.3	6.5	-6.62
Cash & Equivalents per Share	2.07	6.56	10.5	10.16	11.52	1.79	1.32	1.36	1.83	4.87	3.45	1.81	1.59	2.98	3.37
Book Value per Share	2.55	3.42	3.34	3.19	2.86	0.76	1.36	-1.37	-1	0.94	4.38	8.05	10.17	13.56	17.69
Tangible Book Value per Share	27.02	32.57	37.48	36.55	37.16	35.13	35.61	32.8	33.19	35.13	38.19	41.99	44.21	47.69	103.79

Royal Gold, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)