Newmont Goldcorp Corp (NEM)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 18,557,000 | 11,812,000 | 11,915,000 | 12,222,000 | 11,497,000 |
| Property, plant and equipment | US$ in thousands | — | — | 1,716,000 | 1,775,000 | 1,705,000 |
| Fixed asset turnover | — | — | 6.94 | 6.89 | 6.74 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $18,557,000K ÷ $—K
= —
The fixed asset turnover ratio for Newmont Goldcorp Corp has shown a positive trend over the past few years. In December 31, 2020, the ratio was 6.74, indicating that the company generated $6.74 in revenue for every dollar invested in fixed assets. This ratio improved to 6.89 by December 31, 2021, and further increased to 6.94 by December 31, 2022. This upward trend suggests that the company is efficiently utilizing its fixed assets to generate revenue.
However, there is missing data for December 31, 2023, and December 31, 2024, which limits the ability to analyze the trend over those years. It is important for the company to provide complete financial information to enable a more comprehensive analysis of its performance.
Overall, the increasing trend in the fixed asset turnover ratio indicates that Newmont Goldcorp Corp is effectively leveraging its fixed assets to drive revenue growth, which is a positive sign for the company's operational efficiency and financial performance.