Newmont Goldcorp Corp (NEM)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.56 | 3.33 | 4.94 | 4.34 | 4.09 | |
| DOH | days | 65.70 | 109.50 | 73.94 | 84.08 | 89.33 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.56
= 65.70
The days of inventory on hand (DOH) for Newmont Goldcorp Corp have shown fluctuations over the years based on the provided data.
- As of December 31, 2020, the company had an inventory turnover period of approximately 89.33 days, indicating that, on average, it took around 89.33 days for the company to sell its inventory.
- By December 31, 2021, the DOH had decreased to 84.08 days, suggesting an improvement in the efficiency of inventory management.
- The trend continued into December 31, 2022, with the DOH further decreasing to 73.94 days, indicating the company's ability to sell inventory at a faster pace.
- However, by December 31, 2023, the DOH increased significantly to 109.50 days, which may suggest potential issues such as excess inventory or challenges in selling products.
- The most recent data as of December 31, 2024, shows a notable improvement in inventory management, with the DOH reduced to 65.70 days, indicating better efficiency in inventory turnover.
Overall, the analysis of Newmont Goldcorp Corp's DOH highlights the importance of monitoring inventory turnover to assess efficiency in managing inventory levels and sales performance over time.