Newmont Goldcorp Corp (NEM)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -2,494,000 | -813,000 | -758,000 | -526,000 | -429,000 | 1,002,000 | 792,000 | 1,055,000 | 1,166,000 | 2,036,000 | 2,872,000 | 2,566,000 | 2,829,000 | 2,570,000 | 3,909,000 | 3,540,000 | 2,805,000 | 2,242,000 | -81,000 | 236,000 |
| 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 |
| Net profit margin | -21.44% | -7.46% | -6.87% | -4.59% | -3.63% | 8.32% | 6.43% | 8.58% | 9.58% | 16.78% | 23.22% | 22.11% | 25.07% | 23.37% | 37.00% | 33.67% | 28.79% | 25.41% | -1.03% | 3.25% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-2,494,000K ÷ $11,635,000K
= -21.44%
The net profit margin is a key profitability ratio that indicates the percentage of revenue that translates into net income. In the case of Newmont Corp, the net profit margin has exhibited variability in recent quarters.
The net profit margin for Q4 2023 was notably negative at -21.11%, reflecting a substantial loss relative to revenue. This significant negative margin suggests that the company incurred expenses exceeding its revenue during this period.
Compared to Q4 2023, the net profit margin improved in Q3 2023 but remained negative at -7.35%. Although the margin was less negative than in the previous quarter, it indicates that the company continued to face challenges in generating profits.
In the preceding quarters of 2023, the net profit margins also remained negative, albeit showing some fluctuations. The margin was -6.77% in Q2 2023 and -4.55% in Q1 2023, indicating ongoing difficulties in achieving profitability.
In contrast, the company had positive net profit margins in the corresponding quarters of 2022, reflecting a more favorable financial performance during that period. The margins ranged from 6.40% in Q2 2022 to 8.53% in Q1 2022.
Overall, the negative trend in the net profit margin for Newmont Corp in 2023 suggests challenges in efficiently managing costs and generating profits. It is essential for the company to address these issues to improve its financial performance and ensure sustainable profitability in the future.