Newmont Goldcorp Corp (NEM)

Days of inventory on hand (DOH)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Inventory turnover 5.56 5.49 4.96 4.59 3.33 4.18 4.25 4.40 4.97 4.67 4.65 4.16 3.98 3.89 3.94 3.88 4.09 4.15 4.17 7.99
DOH days 65.70 66.43 73.58 79.53 109.50 87.34 85.80 82.96 73.42 78.23 78.46 87.79 91.62 93.75 92.65 94.12 89.33 88.00 87.51 45.66

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.56
= 65.70

The days of inventory on hand (DOH) for Newmont Goldcorp Corp has fluctuated over the past several years. The trend shows an increase in DOH from March 31, 2020, to December 31, 2023, peaking at 109.50 days. This indicates that the company held inventory for a longer period, which may suggest inefficiencies in inventory management or changing market conditions affecting demand.

Subsequently, there was a significant decrease in DOH from December 31, 2023, to December 31, 2024, reaching a low of 65.70 days. This sharp decline could be a result of strategic inventory management efforts, such as improving forecasting accuracy or optimizing supply chain processes.

Overall, monitoring the DOH metric is crucial for evaluating the efficiency of Newmont Goldcorp's inventory management practices. A higher DOH value may tie up capital in inventory and increase storage costs, while a lower DOH could suggest potential stockouts or missed sales opportunities. The company should continue to assess its inventory levels and implement appropriate strategies to maintain an optimal balance between holding costs and meeting customer demand.

See also:

Newmont Goldcorp Corp Average Inventory Processing Period (Quarterly Data)