Newmont Goldcorp Corp (NEM)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,348,000 | -1,213,000 | -1,977,000 | -2,675,000 | -2,494,000 | -831,000 | -776,000 | -544,000 | -447,000 | 284,000 | 74,000 | 337,000 | 448,000 | 2,036,000 | 2,872,000 | 2,566,000 | 2,829,000 | 2,570,000 | 3,909,000 | 3,540,000 |
| 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 |
| ROA | 5.94% | -2.16% | -3.55% | -4.83% | -4.49% | -2.18% | -2.03% | -1.42% | -1.16% | 0.73% | 0.19% | 0.84% | 1.10% | 5.11% | 7.06% | 6.25% | 6.84% | 6.34% | 9.80% | 8.92% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,348,000K ÷ $56,349,000K
= 5.94%
Newmont Goldcorp Corp's return on assets (ROA) has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The ROA started at a healthy 8.92% in March 2020 and reached its peak at 9.80% in June 2020. However, there was a decline in ROA in the subsequent quarters, dropping to 6.34% by September 2020 and further to 6.25% by March 2021.
The trend continued with fluctuations in ROA, reaching 5.11% by September 2021, and a notable decline to 1.10% by December 2021. The ROA further dwindled in the following quarters, registering negative ROA figures in the period from March 31, 2022, to June 30, 2024. The lowest ROA was reported at -4.83% in March 31, 2024, and -4.49% in December 31, 2023.
However, there was a significant improvement in the company's performance in the last quarter of the data period, December 31, 2024, where the ROA surged to 5.94%. This positive turnaround in the ROA could indicate improved asset efficiency or better financial management by Newmont Goldcorp Corp in the most recent quarter of the data provided.
See also:
Newmont Goldcorp Corp Return on Assets (ROA) (Quarterly Data)