Newmont Goldcorp Corp (NEM)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -1,197,000 | 159,000 | 305,000 | 654,000 | 1,041,000 | 3,543,000 | 3,999,000 | 4,385,000 | 4,494,000 | 5,542,000 | 5,840,000 | 5,307,000 | 6,764,000 | 6,062,000 | 6,851,000 | 7,735,000 | 6,347,000 | 6,108,000 | 4,582,000 | 4,235,000 |
| Total assets | US$ in thousands | 55,506,000 | 38,084,000 | 38,133,000 | 38,374,000 | 38,482,000 | 39,143,000 | 39,690,000 | 39,913,000 | 40,564,000 | 39,865,000 | 40,677,000 | 41,063,000 | 41,369,000 | 40,551,000 | 39,885,000 | 39,699,000 | 39,974,000 | 40,763,000 | 36,987,000 | 20,880,000 |
| Operating ROA | -2.16% | 0.42% | 0.80% | 1.70% | 2.71% | 9.05% | 10.08% | 10.99% | 11.08% | 13.90% | 14.36% | 12.92% | 16.35% | 14.95% | 17.18% | 19.48% | 15.88% | 14.98% | 12.39% | 20.28% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-1,197,000K ÷ $55,506,000K
= -2.16%
The operating return on assets (ROA) of Newmont Corp has been on a declining trend over the past quarters, starting at 4.83% in Q1 2022 and decreasing to 1.28% in Q4 2023. This indicates a decreasing ability of the company to generate operating profits from its assets. The decrease in operating ROA may be attributed to various factors such as declining revenues, increasing operating expenses, or inefficient asset utilization. It is crucial for Newmont Corp to closely monitor and address the factors contributing to the decline in operating ROA to improve overall financial performance and efficiency.