Newmont Goldcorp Corp (NEM)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	58.12	57.08	56.52	63.78	68.86	55.59	56.83	46.72	49.18	38.14	38.46	40.76	28.78	19.54	10.13	4.43	3.48	3.20	5.67	7.99
Receivables turnover	9.48	139.71	59.66	32.91	32.26	41.67	33.82	29.78	36.12	36.33	36.28	44.14	25.14	33.94	41.43	47.80	26.12	11.61	12.08	25.15
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
Working capital turnover	7.68	3.46	3.21	3.01	3.29	3.01	2.76	2.65	2.41	2.60	2.66	2.38	2.20	2.22	2.45	2.34	2.51	2.86	3.74	2.03

Inventory turnover has been fluctuating over the past eight quarters, ranging from 4.03 to 6.61. This ratio measures how efficiently the company is managing its inventory by showing how many times a company's inventory is sold and replaced over a period. A higher turnover rate generally indicates efficient inventory management.

The receivables turnover ratio has shown significant variations, with values ranging from 9.63 to 141.73. This ratio reflects how effectively the company collects its accounts receivable during a specific period. A high turnover ratio suggests that the company is efficient in collecting outstanding receivables.

Payables turnover has also demonstrated variability, ranging from 6.98 to 11.45 over the past eight quarters. This ratio indicates how quickly a company pays its suppliers. A higher turnover ratio implies that the company is taking fewer days to pay its creditors, which could indicate good relationships with suppliers or effective cash management.

Working capital turnover has shown fluctuations, ranging from 2.67 to 7.80. This ratio measures how effectively the company is utilizing its working capital to generate sales revenue. A higher turnover ratio indicates that the company is efficiently using its working capital to generate sales.

Overall, analyzing these activity ratios provides insights into how Newmont Corp is managing its inventory, receivables, payables, and working capital to drive operational efficiency and financial performance.

Average number of days

		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
Days of inventory on hand (DOH)	days	6.28	6.40	6.46	5.72	5.30	6.57	6.42	7.81	7.42	9.57	9.49	8.96	12.68	18.68	36.04	82.40	105.00	114.17	64.36	45.67
Days of sales outstanding (DSO)	days	38.49	2.61	6.12	11.09	11.31	8.76	10.79	12.26	10.11	10.05	10.06	8.27	14.52	10.75	8.81	7.64	13.97	31.44	30.22	14.52
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

Activity ratios provide insight into how efficiently a company manages its assets and liabilities. For Newmont Corp, the following trends are evident:
- Days of Inventory on Hand (DOH) have shown an increasing trend over the quarters, indicating that the company is holding onto its inventory for a longer period. This may tie up working capital and potentially lead to higher storage costs.
- Days of Sales Outstanding (DSO) decreased significantly in Q3 2023 compared to the previous quarters. This suggests that the company is collecting its receivables faster, which is a positive sign of efficient credit collections.
- Number of Days of Payables has been relatively stable over the quarters, with slight fluctuations. This indicates that Newmont is maintaining a consistent payment timeline to its suppliers.

Overall, Newmont Corp's activity ratios reflect a mixed efficiency in managing its inventory, receivables, and payables, with room for improvement in inventory management to optimize working capital utilization.

Long-term

	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
Fixed asset turnover	0.31	0.45	0.45	0.48	0.49	0.50	0.51	0.51	0.50	0.51	0.50	0.48	0.46	0.45	0.43	0.42	0.39	0.34	0.34	0.59
Total asset turnover	0.21	0.29	0.29	0.30	0.31	0.31	0.31	0.31	0.30	0.30	0.30	0.28	0.27	0.27	0.26	0.26	0.24	0.22	0.21	0.35

The fixed asset turnover ratio for Newmont Corp has shown a declining trend over the past eight quarters, decreasing from 0.51 in Q1 2022 to 0.31 in Q4 2023. This suggests that the company is generating less revenue relative to its investment in fixed assets. A lower fixed asset turnover ratio indicates inefficiency in utilizing fixed assets to generate sales.

On the other hand, the total asset turnover ratio has also exhibited a downward trajectory over the same period, declining from 0.31 in Q1 2022 to 0.21 in Q4 2023. This indicates that Newmont Corp is not efficiently using its total assets to generate sales revenue. A decreasing total asset turnover ratio may indicate inefficiencies in the company's asset management and sales generation processes.

Overall, the declining trends in both fixed asset turnover and total asset turnover ratios suggest potential inefficiencies in Newmont Corp's asset utilization and revenue generation capabilities over the past eight quarters. The company may need to assess and improve its asset management strategies to enhance its operational efficiency and profitability.