Stock Analysis on Net
Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

This company has been moved to the archive! The financial data has not been updated since April 29, 2024.

Analysis of Long-term (Investment) Activity Ratios 
Quarterly Data

Microsoft Excel

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)

Newmont Corp., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net fixed asset turnover 0.39 0.31 0.45 0.46 0.48 0.49 0.50 0.51 0.51 0.51 0.52 0.51 0.49 0.47 0.46 0.43 0.42 0.39 — — —
Total asset turnover 0.24 0.21 0.29 0.29 0.30 0.31 0.31 0.31 0.31 0.30 0.31 0.31 0.29 0.28 0.27 0.27 0.26 0.24 — — —
Equity turnover 0.46 0.41 0.58 0.58 0.60 0.62 0.57 0.58 0.58 0.55 0.54 0.54 0.51 0.50 0.49 0.48 0.48 0.45 — — —

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 Q3 2023 to Q4 2023 but then improved from Q4 2023 to Q1 2024 not reaching Q3 2023 level.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Newmont Corp. total asset turnover ratio deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Newmont Corp. equity turnover ratio deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024.

Net Fixed Asset Turnover

Newmont Corp., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Sales 4,023 3,957 2,493 2,683 2,679 3,200 2,634 3,058 3,023 3,390 2,895 3,065 2,872 3,381 3,170 2,365 2,581 2,967 2,713 2,257 1,803
Property, plant and mine development, net 33,564 37,563 24,474 24,284 24,097 24,073 24,150 24,131 24,070 24,124 23,711 24,500 24,081 24,281 24,333 24,676 24,952 25,276 26,197 23,377 12,264
Long-term Activity Ratio
Net fixed asset turnover1 0.39 0.31 0.45 0.46 0.48 0.49 0.50 0.51 0.51 0.51 0.52 0.51 0.49 0.47 0.46 0.43 0.42 0.39 — — —
Benchmarks
Net Fixed Asset Turnover, Competitors2
Freeport-McMoRan Inc. 0.66 0.65 0.66 0.65 0.65 0.70 0.73 0.78 0.80 0.75 0.70 0.63 0.55 0.48 0.46 0.43 0.45 0.49 — — —

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Net fixed asset turnover = (SalesQ1 2024 + SalesQ4 2023 + SalesQ3 2023 + SalesQ2 2023) ÷ Property, plant and mine development, net
= (4,023 + 3,957 + 2,493 + 2,683) ÷ 33,564 = 0.39

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 Q3 2023 to Q4 2023 but then improved from Q4 2023 to Q1 2024 not reaching Q3 2023 level.

Total Asset Turnover

Newmont Corp., total asset turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Sales 4,023 3,957 2,493 2,683 2,679 3,200 2,634 3,058 3,023 3,390 2,895 3,065 2,872 3,381 3,170 2,365 2,581 2,967 2,713 2,257 1,803
Total assets 55,335 55,506 38,084 38,133 38,374 38,482 39,143 39,690 39,913 40,564 39,865 40,677 41,063 41,369 40,551 39,885 39,699 39,974 40,763 36,987 20,880
Long-term Activity Ratio
Total asset turnover1 0.24 0.21 0.29 0.29 0.30 0.31 0.31 0.31 0.31 0.30 0.31 0.31 0.29 0.28 0.27 0.27 0.26 0.24 — — —
Benchmarks
Total Asset Turnover, Competitors2
Freeport-McMoRan Inc. 0.44 0.44 0.44 0.43 0.42 0.45 0.46 0.48 0.50 0.48 0.45 0.42 0.37 0.34 0.33 0.32 0.33 0.35 — — —

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Total asset turnover = (SalesQ1 2024 + SalesQ4 2023 + SalesQ3 2023 + SalesQ2 2023) ÷ Total assets
= (4,023 + 3,957 + 2,493 + 2,683) ÷ 55,335 = 0.24

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 deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024.

Equity Turnover

Newmont Corp., equity turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Sales 4,023 3,957 2,493 2,683 2,679 3,200 2,634 3,058 3,023 3,390 2,895 3,065 2,872 3,381 3,170 2,365 2,581 2,967 2,713 2,257 1,803
Total Newmont stockholders’ equity 28,890 29,027 19,074 19,225 19,377 19,354 21,219 21,421 21,449 22,022 22,712 23,239 23,127 23,008 22,661 22,004 21,806 21,420 21,430 19,354 10,499
Long-term Activity Ratio
Equity turnover1 0.46 0.41 0.58 0.58 0.60 0.62 0.57 0.58 0.58 0.55 0.54 0.54 0.51 0.50 0.49 0.48 0.48 0.45 — — —
Benchmarks
Equity Turnover, Competitors2
Freeport-McMoRan Inc. 1.40 1.37 1.38 1.35 1.34 1.46 1.55 1.63 1.65 1.63 1.59 1.58 1.49 1.40 1.47 1.44 1.51 1.55 — — —

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Equity turnover = (SalesQ1 2024 + SalesQ4 2023 + SalesQ3 2023 + SalesQ2 2023) ÷ Total Newmont stockholders’ equity
= (4,023 + 3,957 + 2,493 + 2,683) ÷ 28,890 = 0.46

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 deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024.