Newmont Goldcorp Corp (NEM)

The cash conversion cycle of Newmont Goldcorp Corp has demonstrated fluctuations over the reporting periods, ranging from a low of 45.66 days on March 31, 2020, to a high of 109.50 days on December 31, 2023. The cash conversion cycle is a measure of how long it takes for a company to convert its investments in inventory into cash flows from sales.

A shorter cash conversion cycle indicates that the company is managing its working capital efficiently, as it is taking less time to sell inventory and collect cash from customers. Conversely, a longer cash conversion cycle may suggest inefficiencies in managing working capital, potentially leading to increased financing costs or liquidity risks.

Analyzing the trend of Newmont Goldcorp Corp's cash conversion cycle, we observe that it generally increased from 2020 to 2023 before decreasing in the latter half of 2023 and into 2024. The improvement in the cash conversion cycle towards the end of the observation period may imply enhanced working capital management, potentially driven by more efficient inventory turnover or quicker collection of receivables.

It is important for Newmont Goldcorp Corp to monitor its cash conversion cycle closely to ensure optimal utilization of resources and efficient cash flow management. By identifying opportunities to streamline operational processes, minimize inventory holding periods, and accelerate receivables collection, the company can enhance its overall financial performance and liquidity position.