Newmont Goldcorp Corp (NEM)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 18,636,000 | 16,869,000 | 14,762,000 | 13,134,000 | 11,812,000 | 11,055,000 | 11,196,000 | 11,571,000 | 11,915,000 | 12,105,000 | 12,366,000 | 12,373,000 | 12,222,000 | 12,213,000 | 12,488,000 | 11,788,000 | 11,497,000 | 11,083,000 | 10,626,000 | 10,518,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 24,474,000 | 26,021,000 | 25,788,000 | 1,716,000 | 24,150,000 | 25,919,000 | 25,860,000 | 1,775,000 | 23,711,000 | 24,500,000 | 25,827,000 | 1,705,000 | 26,023,000 | 26,301,000 | 26,471,000 |
| Fixed asset turnover | — | — | — | — | — | 0.45 | 0.43 | 0.45 | 6.94 | 0.50 | 0.48 | 0.48 | 6.89 | 0.52 | 0.51 | 0.46 | 6.74 | 0.43 | 0.40 | 0.40 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $18,636,000K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate sales revenue from its investments in fixed assets, such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales.
Upon analyzing the fixed asset turnover of Newmont Goldcorp Corp over the reported periods, we observe that the ratio remained relatively stable around 0.40 to 0.52 from March 2020 to September 2021. Notably, there was a significant spike in the ratio to 6.74 in December 2020, followed by another notable increase to 6.89 in December 2021, and further enhancements to 6.94 in December 2022. These sudden peaks in the fixed asset turnover ratios of Newmont Goldcorp Corp suggest a significant improvement in the company's efficiency in generating sales revenue from its fixed assets during those specific periods.
However, the fixed asset turnover ratio declined back to the lower range of 0.43 to 0.52 in the subsequent periods from March 2021 to September 2023. In the latest reported periods from March 2023 to September 2024, the fixed asset turnover data is unavailable (\u2014), which may indicate missing or unpublished financial information.
Overall, the fluctuations in the fixed asset turnover ratio of Newmont Goldcorp Corp suggest varying levels of efficiency in utilizing its fixed assets to generate sales revenue during the analyzed periods. It would be important to further analyze the company's operational activities and investment in fixed assets to understand the factors contributing to these fluctuations in the fixed asset turnover ratio.
See also:
Newmont Goldcorp Corp Net Fixed Asset Turnover (Quarterly Data)