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.

Newmont Goldcorp Corp (NEM)

Days of inventory on hand (DOH)

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