Newmont Goldcorp Corp (NEM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.63 | 13.37 | 12.53 | 11.31 | 1.38 | |
| Number of days of payables | days | 37.90 | 27.30 | 29.12 | 32.26 | 263.72 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.63
= 37.90
The number of days of payables for Newmont Corp has shown some fluctuation over the past five years. In 2023, the company took approximately 52.31 days to pay its payables, which is an increase compared to the previous year where it took 35.72 days. This suggests that Newmont Corp is taking longer to settle its payables in 2023 compared to 2022.
Looking at the trend over the five-year period, there has been some variability in the number of days of payables, with the highest being in 2023 and the lowest in 2021. This implies that Newmont Corp's payment practices have not been consistent over the years. It is important for the company to monitor and manage its payables effectively to maintain healthy relationships with its suppliers and optimize its cash flow.