Newmont Goldcorp Corp (NEM)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -2,494,000 | -813,000 | -758,000 | -526,000 | -429,000 | 1,002,000 | 792,000 | 1,055,000 | 1,166,000 | 2,036,000 | 2,872,000 | 2,566,000 | 2,829,000 | 2,570,000 | 3,909,000 | 3,540,000 | 2,805,000 | 2,242,000 | -81,000 | 236,000 |
| 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 |
| ROA | -4.49% | -2.13% | -1.99% | -1.37% | -1.11% | 2.56% | 2.00% | 2.64% | 2.87% | 5.11% | 7.06% | 6.25% | 6.84% | 6.34% | 9.80% | 8.92% | 7.02% | 5.50% | -0.22% | 1.13% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-2,494,000K ÷ $55,506,000K
= -4.49%
Newmont Corp's return on assets (ROA) has been fluctuating over the past eight quarters. In Q4 2023, the ROA was -4.49%, showing a significant decline from the previous quarter's -2.13%. This negative trend indicates that the company's ability to generate profits from its assets decreased significantly in the latest quarter.
Comparing the Q4 2023 ROA to the same quarter in the previous year, there has been a notable deterioration from -1.11% to -4.49%. This suggests a decline in the company's profitability efficiency over the year.
Although Newmont Corp experienced positive ROA in the quarters of Q3 and Q2 2022, with 2.56% and 2.00% respectively, it is evident that the company's performance has since deteriorated, with negative ROA figures in the most recent quarters. This negative trend in ROA warrants further investigation into the company's asset utilization and profitability management strategies to address the declining performance and improve overall financial health.
See also:
Newmont Goldcorp Corp Return on Assets (ROA) (Quarterly Data)