Newmont Goldcorp Corp (NEM)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,788,000 | 2,962,000 | 1,952,000 | 1,126,000 | 708,000 | 1,121,000 | 1,184,000 | 1,339,000 | 1,516,000 | 811,000 | 1,147,000 | 1,596,000 | 1,801,000 | 3,571,000 | 3,987,000 | 3,394,000 | 2,989,000 | 2,574,000 | 1,980,000 | 1,711,000 |
| Total assets | US$ in thousands | 56,349,000 | 56,175,000 | 55,678,000 | 55,335,000 | 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 |
| Operating ROA | 10.27% | 5.27% | 3.51% | 2.03% | 1.28% | 2.94% | 3.10% | 3.49% | 3.94% | 2.07% | 2.89% | 4.00% | 4.44% | 8.96% | 9.80% | 8.27% | 7.23% | 6.35% | 4.96% | 4.31% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $5,788,000K ÷ $56,349,000K
= 10.27%
Newmont Goldcorp Corp's operating return on assets (operating ROA) has exhibited fluctuations over the observed periods. The operating ROA increased steadily from 4.31% as of March 31, 2020, to a peak of 10.27% by December 31, 2024. The highest levels of operating ROA were recorded in the latter part of 2024, indicating improved efficiency in generating operating profits relative to the total assets employed.
However, there were periods of decline in the operating ROA during this timeframe, notably in the mid to late 2022 when the ratios dropped to as low as 2.07%. The sustainability and consistency of the operating ROA improvements may warrant further investigation to understand the factors influencing these fluctuations.
Overall, the varying trends in the operating ROA highlight the need for continuous monitoring and analysis to assess the company's operational efficiency and asset utilization in generating profits.