Newmont Goldcorp Corp (NEM)

Net profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands -2,494,000 -429,000 1,166,000 2,829,000 2,805,000
Revenue US$ in thousands 11,635,000 11,807,000 12,171,000 11,286,000 9,673,000
Net profit margin -21.44% -3.63% 9.58% 25.07% 29.00%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-2,494,000K ÷ $11,635,000K
= -21.44%

The net profit margin of Newmont Corp has shown a downward trend over the past five years, decreasing from 28.80% in 2019 to -21.11% in 2023. This indicates a significant decrease in the company's profitability relative to its revenue in recent years. The negative net profit margin in 2023 suggests that the company's expenses exceeded its revenue, resulting in a net loss for the year. This declining trend in net profit margin may raise concerns about the company's operational efficiency, cost management, and overall financial health. Further investigation into the factors contributing to this decrease in profitability would be warranted to better understand the company's current financial performance and future prospects.


See also:

Newmont Goldcorp Corp Net Profit Margin