Newmont Goldcorp Corp (NEM)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,748,000 | 708,000 | 1,461,000 | 1,741,000 | 2,823,000 |
| Revenue | US$ in thousands | 18,557,000 | 11,812,000 | 11,915,000 | 12,222,000 | 11,497,000 |
| Operating profit margin | 30.97% | 5.99% | 12.26% | 14.24% | 24.55% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $5,748,000K ÷ $18,557,000K
= 30.97%
The operating profit margin of Newmont Goldcorp Corp has shown fluctuations over the period from December 31, 2020, to December 31, 2024.
In December 2020, the operating profit margin stood at 24.55%, reflecting a strong performance in effectively managing operating expenses relative to revenue. However, there was a decline in profitability as of December 2021, with the margin decreasing to 14.24%. This could indicate increased operating expenses or a decrease in revenue compared to the previous year.
Further, the operating profit margin continued to decrease to 12.26% by December 2022, suggesting potential challenges in maintaining profitability levels. The downward trend persisted into December 2023, with the margin dropping to 5.99%, possibly signaling significant cost pressures or other operational inefficiencies.
However, there was a notable improvement in performance by December 2024, as the operating profit margin surged to 30.97%. This sharp increase could indicate successful cost-cutting measures, revenue growth, or a combination of both leading to enhanced profitability for the company.
Overall, the analysis of Newmont Goldcorp Corp's operating profit margin highlights the importance of closely monitoring and managing operational efficiency and cost control to sustain and enhance profitability over time.