Stock Analysis on Net
Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

$22.49

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

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Newmont Corp., total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Sales1 ÷ Total assets1
Dec 31, 2023 = ÷
Dec 31, 2022 = ÷
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Dec 31, 2018 = ÷
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Dec 31, 2013 = ÷
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Dec 31, 2005 = ÷

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 annual financial data reveals several notable trends in key financial indicators over the analyzed period.

Sales
Sales figures exhibit a general increasing trend from 2005 through 2021, starting at US$4,406 million and peaking at US$12,222 million in 2021. The growth is somewhat volatile in certain years; for instance, a significant increase is observed between 2008 and 2010, rising from US$6,199 million to US$9,540 million. However, from 2011 to 2014, sales trend downward, reaching a low point of US$6,711 million in 2016 before recovering again through 2020. The post-2021 period shows a slight decline but remains relatively stable around US$11,800 million.
Total assets
Total assets consistently increase over time with a few fluctuations. Starting at US$13,992 million in 2005, the asset base expands significantly, reaching a temporary dip around 2013 to 2016 where values cluster near US$20,000 to US$25,000 million, lower than in prior years. From 2016 onward, the trend sharply ascends, culminating in US$55,506 million by 2023, indicating substantial asset growth and investment in later years.
Total asset turnover
This ratio, measuring the efficiency of using assets to generate sales, varies within a narrow band between 0.21 and 0.39. It peaks in 2008 at 0.39, coinciding with strong sales growth relative to assets. Subsequently, the turnover shows a gradual decline with some fluctuations, reaching a low point in 2023 at 0.21. This decline suggests diminishing efficiency in asset utilization despite the large increase in total assets, potentially reflecting heavier capital investment not immediately translating into proportionate sales growth.

Overall, the data indicates strong sales growth over the long term, supported by increasing total assets. However, the reduction in asset turnover ratio in recent years signals a potential challenge in maintaining operational efficiency relative to asset base expansion. This pattern may warrant further investigation into asset management and the productivity of new investments.

Comparison to Competitors

Newmont Corp., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Newmont Corp. Freeport-McMoRan Inc.
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
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Dec 31, 2010
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Dec 31, 2006
Dec 31, 2005

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., total asset turnover, long-term trends, comparison to industry (materials)

Microsoft Excel
Newmont Corp. Materials
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
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Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

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).