Newmont Goldcorp Corp (NEM)
Total 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 |
| Total assets | US$ in thousands | 56,349,000 | 56,175,000 | 55,678,000 | 55,335,000 | 55,506,000 | 38,084,000 | 38,133,000 | 38,374,000 | 38,482,000 | 39,143,000 | 39,690,000 | 39,913,000 | 40,564,000 | 39,865,000 | 40,677,000 | 41,063,000 | 41,369,000 | 40,551,000 | 39,885,000 | 39,699,000 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $18,636,000K ÷ $56,349,000K
= 0.33
The total asset turnover of Newmont Goldcorp Corp has experienced fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.26 in March 2020, indicating that for every dollar of assets held by the company, it generated $0.26 in revenue.
The total asset turnover showed a gradual increase reaching 0.31 in June 2021 and maintained this level until September 2022. This improvement indicates that the company was able to generate more revenue relative to its total assets during this period.
However, the ratio declined to 0.21 by the end of December 2023 before recovering slightly to 0.33 as of December 31, 2024. This means that in 2024, Newmont Goldcorp Corp generated $0.33 in revenue for every dollar of total assets, suggesting that the company may have become more efficient in asset utilization.
Overall, the trend in total asset turnover suggests varying levels of efficiency in utilizing assets to generate revenue over the period analyzed. It would be important for stakeholders to further investigate the factors contributing to these fluctuations to assess the company's operational performance and financial health.