Newmont Goldcorp Corp (NEM)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,336,000 | 2,564,000 | 2,616,000 | 2,905,000 | 3,337,000 | 4,762,000 | 5,208,000 | 5,619,000 | 5,679,000 | 6,300,000 | 6,641,000 | 6,106,000 | 7,027,000 | 6,134,000 | 5,082,000 | 4,283,000 | 2,305,000 | 2,066,000 | 1,756,000 | 1,806,000 |
| Revenue (ttm) | US$ in thousands | 11,635,000 | 10,897,000 | 11,038,000 | 11,451,000 | 11,807,000 | 12,044,000 | 12,312,000 | 12,300,000 | 12,171,000 | 12,135,000 | 12,371,000 | 11,608,000 | 11,286,000 | 10,998,000 | 10,564,000 | 10,515,000 | 9,743,000 | 8,824,000 | 7,852,000 | 7,267,000 |
| Gross profit margin | 20.08% | 23.53% | 23.70% | 25.37% | 28.26% | 39.54% | 42.30% | 45.68% | 46.66% | 51.92% | 53.68% | 52.60% | 62.26% | 55.77% | 48.11% | 40.73% | 23.66% | 23.41% | 22.36% | 24.85% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,336,000K ÷ $11,635,000K
= 20.08%
The gross profit margin of Newmont Corp has shown a decreasing trend over the past eight quarters, declining from 54.55% in Q1 2022 to 43.29% in Q4 2023. This indicates a potential erosion in the company's ability to generate profit from its core mining operations after accounting for the cost of goods sold. The consecutive decrease in gross profit margin suggests that Newmont Corp may be facing challenges in maintaining profitability amidst changing market conditions, cost pressures, or operational inefficiencies. Further investigation into the factors contributing to this downward trend is warranted to assess the company's overall financial health and strategize for future performance improvement.