Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Long-term activity ratio | Description | The company |
---|---|---|
Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Newmont Corp. net fixed asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Newmont Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2021 to 2022 and from 2022 to 2023. |
Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Newmont Corp. total asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Newmont Corp. equity turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Net Fixed Asset Turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Sales | 11,812) | 11,915) | 12,222) | 11,497) | 9,740) | |
Property, plant and mine development, net | 37,563) | 24,073) | 24,124) | 24,281) | 25,276) | |
Long-term Activity Ratio | ||||||
Net fixed asset turnover1 | 0.31 | 0.49 | 0.51 | 0.47 | 0.39 | |
Benchmarks | ||||||
Net Fixed Asset Turnover, Competitors2 | ||||||
Freeport-McMoRan Inc. | 0.66 | 0.71 | 0.76 | 0.48 | 0.49 | |
Net Fixed Asset Turnover, Industry | ||||||
Materials | 0.94 | 1.00 | 0.95 | 0.71 | 0.73 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Net fixed asset turnover = Sales ÷ Property, plant and mine development, net
= 11,812 ÷ 37,563 = 0.31
2 Click competitor name to see calculations.
Long-term activity ratio | Description | The company |
---|---|---|
Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Newmont Corp. net fixed asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Newmont Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Sales | 11,812) | 11,915) | 12,222) | 11,497) | 9,740) | |
Property, plant and mine development, net | 37,563) | 24,073) | 24,124) | 24,281) | 25,276) | |
Operating lease right-of-use (ROU) assets | 105) | 116) | 128) | 108) | 75) | |
Property, plant and mine development, net (including operating lease, right-of-use asset) | 37,668) | 24,189) | 24,252) | 24,389) | 25,351) | |
Long-term Activity Ratio | ||||||
Net fixed asset turnover (including operating lease, right-of-use asset)1 | 0.31 | 0.49 | 0.50 | 0.47 | 0.38 | |
Benchmarks | ||||||
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
Freeport-McMoRan Inc. | 0.65 | 0.70 | 0.75 | 0.48 | 0.49 | |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
Materials | 0.92 | 0.98 | 0.94 | 0.70 | 0.71 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Sales ÷ Property, plant and mine development, net (including operating lease, right-of-use asset)
= 11,812 ÷ 37,668 = 0.31
2 Click competitor name to see calculations.
Long-term activity ratio | Description | The company |
---|---|---|
Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Newmont Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2021 to 2022 and from 2022 to 2023. |
Total Asset Turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Sales | 11,812) | 11,915) | 12,222) | 11,497) | 9,740) | |
Total assets | 55,506) | 38,482) | 40,564) | 41,369) | 39,974) | |
Long-term Activity Ratio | ||||||
Total asset turnover1 | 0.21 | 0.31 | 0.30 | 0.28 | 0.24 | |
Benchmarks | ||||||
Total Asset Turnover, Competitors2 | ||||||
Freeport-McMoRan Inc. | 0.44 | 0.45 | 0.48 | 0.34 | 0.35 | |
Total Asset Turnover, Industry | ||||||
Materials | 0.42 | 0.43 | 0.41 | 0.32 | 0.33 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Total asset turnover = Sales ÷ Total assets
= 11,812 ÷ 55,506 = 0.21
2 Click competitor name to see calculations.
Long-term activity ratio | Description | The company |
---|---|---|
Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Newmont Corp. total asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Equity Turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Sales | 11,812) | 11,915) | 12,222) | 11,497) | 9,740) | |
Total Newmont stockholders’ equity | 29,027) | 19,354) | 22,022) | 23,008) | 21,420) | |
Long-term Activity Ratio | ||||||
Equity turnover1 | 0.41 | 0.62 | 0.55 | 0.50 | 0.45 | |
Benchmarks | ||||||
Equity Turnover, Competitors2 | ||||||
Freeport-McMoRan Inc. | 1.37 | 1.46 | 1.63 | 1.40 | 1.55 | |
Equity Turnover, Industry | ||||||
Materials | 0.99 | 1.01 | 0.92 | 0.72 | 0.73 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Equity turnover = Sales ÷ Total Newmont stockholders’ equity
= 11,812 ÷ 29,027 = 0.41
2 Click competitor name to see calculations.
Long-term activity ratio | Description | The company |
---|---|---|
Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Newmont Corp. equity turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |