Newmont Goldcorp Corp (NEM)
Working capital 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 current assets | US$ in thousands | 12,275,000 | 12,577,000 | 12,070,000 | 11,806,000 | 7,512,000 | 5,955,000 | 6,134,000 | 6,559,000 | 6,515,000 | 6,320,000 | 6,907,000 | 7,059,000 | 7,696,000 | 7,472,000 | 7,445,000 | 8,364,000 | 8,505,000 | 7,660,000 | 6,684,000 | 6,455,000 |
| Total current liabilities | US$ in thousands | 7,543,000 | 6,408,000 | 5,732,000 | 5,482,000 | 5,998,000 | 2,808,000 | 2,693,000 | 2,752,000 | 2,926,000 | 2,324,000 | 2,451,000 | 2,417,000 | 2,654,000 | 2,799,000 | 2,787,000 | 3,480,000 | 3,369,000 | 2,703,000 | 2,378,000 | 1,952,000 |
| 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 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $18,636,000K ÷ ($12,275,000K – $7,543,000K)
= 3.94
Newmont Goldcorp Corp's working capital turnover has displayed fluctuations over the period starting from 2020 to 2024. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
The working capital turnover ratio has varied between a low of 2.08 in March 31, 2024, and a high of 7.80 in December 31, 2023. Generally, a higher turnover ratio is preferable as it suggests the company is efficiently using its working capital to support sales activities.
The trend shows some inconsistency in the efficiency of working capital management, with the ratio increasing steadily from 2.34 in March 31, 2020, to 3.32 in December 31, 2022, before dropping significantly in March 31, 2024.
It is important to further analyze the reasons behind such fluctuations in the working capital turnover ratio to assess the company's effectiveness in managing its working capital over the years.
See also:
Newmont Goldcorp Corp Working Capital Turnover (Quarterly Data)