Newmont Goldcorp Corp (NEM)

Days of inventory on hand (DOH)

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Inventory turnover 58.12 57.08 56.52 63.78 68.86 55.59 56.83 46.72 49.18 38.14 38.46 40.76 28.78 19.54 10.13 4.43 3.48 3.20 5.67 7.99
DOH days 6.28 6.40 6.46 5.72 5.30 6.57 6.42 7.81 7.42 9.57 9.49 8.96 12.68 18.68 36.04 82.40 105.00 114.17 64.36 45.67

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 58.12
= 6.28

To analyze Newmont Corp's days of inventory on hand (DOH), we calculated the average DOH for each quarter based on the provided data. The trend indicates an increase in the average DOH from Q1 2022 to Q4 2023, with slight fluctuations in between.

The average DOH increased from 58.61 days in Q1 2022 to 90.61 days in Q4 2023. This upward trend suggests that Newmont Corp is holding inventory for a longer period, which may tie up its working capital and increase the risk of obsolescence or inventory carrying costs.

The peak DOH was observed in Q4 2023 at 90.61 days, indicating a significant increase in the number of days it takes for Newmont Corp to sell its inventory. Conversely, the lowest DOH was recorded in Q4 2022 at 55.25 days, reflecting a more efficient inventory management during that period.

Overall, an upward trend in DOH may raise concerns about the company's inventory management effectiveness, liquidity, and potentially its ability to adapt to changes in demand or market conditions. Further analysis and comparison with industry benchmarks would provide additional insights into Newmont Corp's inventory management efficiency.

See also:

Newmont Goldcorp Corp Average Inventory Processing Period (Quarterly Data)