Newmont Goldcorp Corp (NEM)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 18,557,000 | 11,812,000 | 11,915,000 | 12,222,000 | 11,497,000 |
| Total current assets | US$ in thousands | 12,275,000 | 7,512,000 | 6,515,000 | 7,696,000 | 8,505,000 |
| Total current liabilities | US$ in thousands | 7,543,000 | 5,998,000 | 2,926,000 | 2,654,000 | 3,369,000 |
| Working capital turnover | 3.92 | 7.80 | 3.32 | 2.42 | 2.24 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $18,557,000K ÷ ($12,275,000K – $7,543,000K)
= 3.92
Newmont Goldcorp Corp's working capital turnover has shown a positive trend over the years, increasing from 2.24 in December 31, 2020, to 3.92 in December 31, 2024. This indicates that the company is utilizing its working capital more efficiently. A working capital turnover ratio above 1 suggests that the company is generating more sales revenue per dollar of working capital invested. The significant increase in the ratio from 2023 to 2024, from 7.80 to 3.92, may indicate either improved operational efficiency or a change in working capital management strategies. Overall, the upward trend in the working capital turnover ratio reflects positively on Newmont Goldcorp Corp's ability to effectively manage its working capital to support its revenue generation activities.