Newmont Goldcorp Corp (NEM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,424,000 | 3,005,000 | 3,262,000 | 4,464,000 | 4,183,000 |
| Revenue | US$ in thousands | 18,557,000 | 11,812,000 | 11,915,000 | 12,222,000 | 11,497,000 |
| Gross profit margin | 34.62% | 25.44% | 27.38% | 36.52% | 36.38% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,424,000K ÷ $18,557,000K
= 34.62%
The gross profit margin of Newmont Goldcorp Corp has shown some fluctuations over the past five years. It stood at 36.38% as of December 31, 2020, and slightly increased to 36.52% by December 31, 2021. However, there was a notable decline in the gross profit margin to 27.38% by December 31, 2022, followed by a further decrease to 25.44% by December 31, 2023.
Subsequently, there was a recovery in the gross profit margin, reaching 34.62% by December 31, 2024. These variations in the gross profit margin may indicate changes in the company's cost structure, pricing strategies, or operational efficiencies during the period under review. It would be important to further investigate the underlying factors contributing to these fluctuations to assess the overall performance and financial health of Newmont Goldcorp Corp.