Analysis of Inventory
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- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Current Ratio since 2005
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Inventory Disclosure
Newmont Corp., balance sheet: inventory
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Materials and supplies | |||||||||||
| In-process | |||||||||||
| Concentrate | |||||||||||
| Precious metals | |||||||||||
| Inventories |
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).
- Materials and supplies
- There is a general upward trend in materials and supplies over the five-year period. Starting at 655 million USD in 2019, the value shows moderate fluctuations with a slight increase in 2020 and 2021, a more noticeable rise in 2022, and a significant jump to 1,247 million USD by the end of 2023. This indicates an expanding inventory of materials and supplies, potentially reflecting increased operational scale or stockpiling strategies.
- In-process
- The in-process inventory exhibits a declining trend from 189 million USD in 2019 down to 123 million USD in 2022, followed by a rebound to 160 million USD in 2023. This decrease over the initial four years suggests a reduction in work-in-progress stock, possibly due to process efficiencies or changes in production schedules, while the uptick in 2023 signals a renewed accumulation or slower processing.
- Concentrate
- Concentrate values fluctuate with no clear upward or downward trajectory over the period. The inventory decreased sharply from 96 million USD in 2019 to 39 million USD in 2020, then increased inconsistently to 58 million in 2021, dipped to 47 million in 2022, and rose significantly to 134 million USD in 2023. The large increase in the latest year suggests a buildup of concentrate inventory, which may impact future processing or sales.
- Precious metals
- Inventory levels of precious metals show volatility. After an increase from 74 million USD in 2019 to 103 million USD in 2020, the value declined steadily over the next two years to 59 million USD in 2022, followed by a sharp rise to 122 million USD in 2023. This pattern may reflect market price fluctuations, changes in production output, or inventory holding decisions.
- Inventories (total)
- Total inventories display a downward trend between 2019 and 2021, moving from 1,014 million USD down to 930 million USD. A mild recovery occurs in 2022 with 979 million USD, but a substantial increase to 1,663 million USD is noted in 2023. The significant surge in total inventories in the final year may warrant further examination for its causes, such as increased production, decreased sales, or strategic stockpiling.