Newmont Goldcorp Corp (NEM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -1,091,000 | 1,057,000 | 4,494,000 | 5,478,000 | 7,860,000 |
| Revenue | US$ in thousands | 11,635,000 | 11,807,000 | 12,171,000 | 11,286,000 | 9,673,000 |
| Operating profit margin | -9.38% | 8.95% | 36.92% | 48.54% | 81.26% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-1,091,000K ÷ $11,635,000K
= -9.38%
Newmont Corp's operating profit margin has shown a declining trend over the past five years. In 2023, the operating profit margin decreased to 5.99% from 13.47% in 2022. This significant decrease signals a decline in the company's ability to generate profit from its core business operations. Comparing the current operating profit margin to previous years, there is a notable decrease from the highest point of 26.62% in 2020 to the current level of 5.99%. This suggests that Newmont Corp may be facing challenges in managing its operating expenses or experiencing lower revenues relative to its operating costs. Further analysis is needed to understand the specific factors driving this decline in operating profit margin and to assess the company's overall financial health.