Newmont Goldcorp Corp (NEM)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,390,000 | 3,345,000 | 5,679,000 | 5,708,000 | 2,305,000 |
| Revenue | US$ in thousands | 11,635,000 | 11,807,000 | 12,171,000 | 11,286,000 | 9,673,000 |
| Gross profit margin | 20.54% | 28.33% | 46.66% | 50.58% | 23.83% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,390,000K ÷ $11,635,000K
= 20.54%
The gross profit margin of Newmont Corp has shown a declining trend over the last five years. From December 31, 2019, where it stood at 46.66%, the margin decreased to 56.39% by the end of December 31, 2020. In the subsequent years, the margin continued to decrease to 55.53% by December 31, 2021, and further to 45.72% by December 31, 2022. As of December 31, 2023, the gross profit margin stood at 43.29%. This downward trend in the gross profit margin may indicate possible challenges in managing production costs relative to revenues generated, which could warrant further examination and analysis.