Newmont Goldcorp Corp (NEM)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	5.56	5.49	4.96	4.59	3.33	4.18	4.25	4.40	4.97	4.67	4.65	4.16	3.98	3.89	3.94	3.88	4.09	4.15	4.17	7.99
Receivables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Working capital turnover	3.94	2.73	2.33	2.08	7.80	3.51	3.25	3.04	3.32	3.03	2.78	2.67	2.42	2.61	2.68	2.41	2.24	2.24	2.47	2.34

Newmont Goldcorp Corp's Inventory Turnover ratio has fluctuated over the past few years, indicating the number of times the company's inventory was sold and replaced during a specific period. The ratio decreased from 7.99 on March 31, 2020, to 3.33 on December 31, 2023, before picking up slightly to 5.56 on December 31, 2024. This decline may suggest inefficiencies in managing inventory levels or slower sales during this period.

The Receivables Turnover ratio is not provided for any period, indicating a lack of data to assess how efficiently the company collects on credit sales, and whether there have been any improvements or issues in this area.

Similarly, the Payables Turnover ratio is not available for any period, making it challenging to evaluate how effectively the company manages its outstanding payables and its relationships with suppliers.

The Working Capital Turnover ratio measures how efficiently a company utilizes its working capital to generate revenue. Newmont Goldcorp Corp's ratio improved from 2.34 on March 31, 2020, to a peak of 7.80 on December 31, 2023, before decreasing to 3.94 on December 31, 2024. The sharp rise and subsequent decline in this ratio may indicate varying efficiency in utilizing working capital during the assessed period.

Average number of days

		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
Days of inventory on hand (DOH)	days	65.70	66.43	73.58	79.53	109.50	87.34	85.80	82.96	73.42	78.23	78.46	87.79	91.62	93.75	92.65	94.12	89.33	88.00	87.51	45.66
Days of sales outstanding (DSO)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

The Days of Inventory on Hand (DOH) ratio for Newmont Goldcorp Corp has shown fluctuations over the past years, varying from a low of 65.70 days as of December 31, 2024, to a high of 109.50 days as of December 31, 2023. The lower the DOH ratio, the more efficient the company is managing its inventory levels. A decreasing trend in this ratio indicates that the company is more effective in managing its inventory levels and could potentially lead to lower storage costs and better cash flow management.

On the other hand, the Days of Sales Outstanding (DSO) and Number of Days of Payables ratios were not available for analysis as the data provided does not include information for these metrics. The DSO ratio measures the average number of days it takes for a company to collect revenue after a sale, while the Number of Days of Payables ratio indicates the average number of days it takes for a company to pay its suppliers.

It is important for a company like Newmont Goldcorp Corp to monitor these activity ratios closely as they provide insights into the efficiency of its operations. By managing inventory levels effectively, collecting revenue promptly, and optimizing payment terms with suppliers, the company can improve its overall operational efficiency and financial performance.

Long-term

	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
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
Total asset turnover	0.33	0.30	0.27	0.24	0.21	0.29	0.29	0.30	0.31	0.31	0.31	0.31	0.30	0.31	0.31	0.29	0.28	0.27	0.27	0.26

Based on the provided data on Newmont Goldcorp Corp's long-term activity ratios:

1. Fixed Asset Turnover:
- The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales.
- Newmont Goldcorp Corp's fixed asset turnover ratio has shown fluctuations over the years, ranging from 0.40 to 6.94.
- The ratio increased significantly from December 31, 2020, to December 31, 2021, and has remained relatively high thereafter, indicating a substantial increase in the efficiency of using fixed assets to generate revenue.
- However, the ratio dropped to 0.45 by March 31, 2023, and has remained around that level since then.

2. Total Asset Turnover:
- The total asset turnover ratio indicates how effectively a company is utilizing all its assets to generate revenue.
- Newmont Goldcorp Corp's total asset turnover ratio has generally remained low, ranging from 0.21 to 0.33.
- The ratio decreased significantly from December 31, 2023, to March 31, 2024, and then started to increase gradually.
- Overall, the company's total asset turnover ratio has shown some fluctuations but has not shown a consistent improvement over the years.

In summary, Newmont Goldcorp Corp has shown significant fluctuations in its fixed asset turnover ratio, with a notable increase observed in some periods. However, the total asset turnover ratio has remained relatively low and has not displayed a consistent trend of improvement.