Return on Assets (ROA)
since 2005
Calculation
Newmont Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to Newmont stockholders1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | -4.49% | = | 100 | × | (2,494) | ÷ | 55,506) |
| Dec 31, 2022 | -1.11% | = | 100 | × | (429) | ÷ | 38,482) |
| Dec 31, 2021 | 2.87% | = | 100 | × | 1,166) | ÷ | 40,564) |
| Dec 31, 2020 | 6.84% | = | 100 | × | 2,829) | ÷ | 41,369) |
| Dec 31, 2019 | 7.02% | = | 100 | × | 2,805) | ÷ | 39,974) |
| Dec 31, 2018 | 1.65% | = | 100 | × | 341) | ÷ | 20,715) |
| Dec 31, 2017 | -0.48% | = | 100 | × | (98) | ÷ | 20,563) |
| Dec 31, 2016 | -2.98% | = | 100 | × | (627) | ÷ | 21,031) |
| Dec 31, 2015 | 0.87% | = | 100 | × | 220) | ÷ | 25,182) |
| Dec 31, 2014 | 2.04% | = | 100 | × | 508) | ÷ | 24,916) |
| Dec 31, 2013 | -9.94% | = | 100 | × | (2,462) | ÷ | 24,764) |
| Dec 31, 2012 | 6.10% | = | 100 | × | 1,809) | ÷ | 29,650) |
| Dec 31, 2011 | 1.33% | = | 100 | × | 366) | ÷ | 27,474) |
| Dec 31, 2010 | 8.87% | = | 100 | × | 2,277) | ÷ | 25,663) |
| Dec 31, 2009 | 5.82% | = | 100 | × | 1,297) | ÷ | 22,299) |
| Dec 31, 2008 | 5.39% | = | 100 | × | 853) | ÷ | 15,839) |
| Dec 31, 2007 | -12.09% | = | 100 | × | (1,886) | ÷ | 15,598) |
| Dec 31, 2006 | 5.07% | = | 100 | × | 791) | ÷ | 15,601) |
| Dec 31, 2005 | 2.30% | = | 100 | × | 322) | ÷ | 13,992) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The financial data reveals considerable volatility in net income attributable to stockholders throughout the periods observed. Initial positive earnings in 2005 and 2006 were followed by a significant loss in 2007, indicating a challenging year. The period between 2008 and 2011 saw fluctuating positive and negative results, with a peak in 2010. However, from 2012 onwards, results were unstable, including substantial losses in 2013 and 2016, minor fluctuations in subsequent years, and negative values again in 2022 and 2023. The highest net income was recorded in 2019 and 2020, showing notable profitability in those years before the sharp declines at the end of the timeframe.
Total assets displayed a general growth trend from 2005 through 2011, increasing from approximately 14 billion to nearly 28 billion US dollars. After peaking in 2011-2012, assets experienced a minor contraction and stabilization phase from 2013 to 2018, hovering between 20 and 25 billion. Starting from 2019, a marked and significant increase occurred, more than doubling assets to 55 billion by the end of 2023, indicating possible acquisitions, expansions, or asset revaluations during the latter years.
Return on Assets (ROA) correspondingly exhibited significant fluctuations mirroring net income trends. ROA started moderately positive, spiked in 2006, then dipped into negative territory in 2007 during the loss period. Subsequent years showed alternating positive and negative returns, with relatively stronger performance around 2009-2010 and 2015-2020. The last two years present negative returns, consistent with the decline in net income, highlighting recent asset efficiency challenges in generating profit.
- Net Income (loss) attributable to Stockholders
- Displays high volatility with alternating profitable and loss years; peaks seen in 2010, 2019, and 2020; significant losses in 2007, 2013, 2016, 2022, and 2023.
- Total Assets
- Exhibits an upward trajectory overall, with steady growth from 2005 to 2011, plateau and slight decline until 2018, followed by strong growth post-2019.
- Return on Assets (ROA)
- Highly variable, aligning with net income changes; strongest positive returns around 2006, 2009-2010, 2015-2020; negative returns reflecting loss years and recent challenges from 2022 onward.
In summary, asset growth has been robust especially in recent years, but profitability and asset efficiency as measured by net income and ROA have experienced periods of instability, with recent years showing downward trends. These fluctuations may reflect external market conditions, operational challenges, or strategic shifts impacting financial performance over the analyzed period.
Comparison to Competitors
Newmont Corp., ROA, long-term trends, comparison to competitors
| Newmont Corp. | Freeport-McMoRan Inc. | |
|---|---|---|
| Dec 31, 2023 | -4.49% | 3.52% |
| Dec 31, 2022 | -1.11% | 6.79% |
| Dec 31, 2021 | 2.87% | 8.97% |
| Dec 31, 2020 | 6.84% | 1.42% |
| Dec 31, 2019 | 7.02% | -0.59% |
| Dec 31, 2018 | 1.65% | 6.16% |
| Dec 31, 2017 | -0.48% | 4.87% |
| Dec 31, 2016 | -2.98% | -11.13% |
| Dec 31, 2015 | 0.87% | -26.27% |
| Dec 31, 2014 | 2.04% | -2.22% |
| Dec 31, 2013 | -9.94% | 4.19% |
| Dec 31, 2012 | 6.10% | 8.58% |
| Dec 31, 2011 | 1.33% | 14.22% |
| Dec 31, 2010 | 8.87% | 14.76% |
| Dec 31, 2009 | 5.82% | 10.57% |
| Dec 31, 2008 | 5.39% | -47.39% |
| Dec 31, 2007 | -12.09% | 7.32% |
| Dec 31, 2006 | 5.07% | 27.02% |
| Dec 31, 2005 | 2.30% | 17.93% |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Materials)
Newmont Corp., ROA, long-term trends, comparison to industry (materials)
| Newmont Corp. | Materials | |
|---|---|---|
| Dec 31, 2023 | -4.49% | 6.68% |
| Dec 31, 2022 | -1.11% | 6.28% |
| Dec 31, 2021 | 2.87% | 6.65% |
| Dec 31, 2020 | 6.84% | 3.40% |
| Dec 31, 2019 | 7.02% | 2.43% |
| Dec 31, 2018 | 1.65% | 5.23% |
| Dec 31, 2017 | -0.48% | 6.22% |
| Dec 31, 2016 | -2.98% | -2.40% |
| Dec 31, 2015 | 0.87% | -13.63% |
| Dec 31, 2014 | 2.04% | 1.48% |
| Dec 31, 2013 | -9.94% | 5.73% |
| Dec 31, 2012 | 6.10% | 8.98% |
| Dec 31, 2011 | 1.33% | 12.44% |
| Dec 31, 2010 | 8.87% | 12.03% |
| Dec 31, 2009 | 5.82% | 9.94% |
| Dec 31, 2008 | 5.39% | -22.98% |
| Dec 31, 2007 | -12.09% | 8.10% |
| Dec 31, 2006 | 5.07% | 14.06% |
| Dec 31, 2005 | 2.30% | 10.70% |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).