Newmont Goldcorp Corp (NEM)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -1,968,000 | 26,000 | 2,264,000 | 3,533,000 | 3,637,000 |
| Revenue | US$ in thousands | 11,635,000 | 11,807,000 | 12,171,000 | 11,286,000 | 9,673,000 |
| Pretax margin | -16.91% | 0.22% | 18.60% | 31.30% | 37.60% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-1,968,000K ÷ $11,635,000K
= -16.91%
The pretax margin for Newmont Corp has shown a declining trend over the past five years. The margin was consistently positive from 2019 to 2021, indicating that the company was generating profits before taxes. However, there was a significant drop in the pretax margin in 2023, turning negative at -16.66%.
This decrease in pretax margin in 2023 could signal financial challenges or operational inefficiencies that impacted the company's profitability. It is worth investigating the reasons behind this decline to understand the factors influencing Newmont Corp's financial performance. Additionally, a comparison with industry peers and further analysis of the company's operational and financial strategies may provide valuable insights into the implications of this trend on the company's overall financial health.