Newmont Goldcorp Corp (NEM)

Number of days of payables

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
Payables turnover 9.69 12.80 14.91 13.19 13.38 12.78 12.19 13.61 12.53 11.72 11.39 12.34 8.64 6.87 3.49 1.24 1.22 1.16 1.98 3.20
Number of days of payables days 37.68 28.51 24.49 27.68 27.28 28.57 29.95 26.82 29.12 31.15 32.04 29.59 42.25 53.10 104.57 295.37 299.44 314.72 183.90 113.99

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.69
= 37.68

The number of days of payables for Newmont Corp has shown some variability over the past eight quarters. In Q4 2023, the number of days of payables increased to 52.31 days from 38.47 days in Q3 2023, indicating that the company took longer to pay its suppliers. This could be a sign of a potential liquidity issue or a deliberate strategy to preserve cash.

Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there was an increase in the number of days of payables from 35.72 days to 52.31 days. This suggests that Newmont Corp has increased the number of days it takes to pay its suppliers over the year, which could impact its relationships with vendors and suppliers.

On average, over the past eight quarters, Newmont Corp's number of days of payables has been around 36 days, with fluctuations seen quarter to quarter. The company's management may need to closely monitor this ratio to ensure it remains within an optimal range, balancing cash flow management while maintaining good relationships with suppliers.

See also:

Newmont Goldcorp Corp Average Payables Payment Period (Quarterly Data)