Analysis of Geographic Areas
Newmont Corp. operates in 4 regions: Australia; United States; Mexico; and Other.
Area Asset Turnover
Newmont Corp., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Australia | 0.04 | 0.00 | — | — | — |
| United States | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 |
| Mexico | 0.06 | 0.13 | 0.13 | 0.06 | 0.03 |
| Other | 0.58 | 1.03 | 0.84 | 0.83 | 0.63 |
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).
- Australia
- The asset turnover ratio for Australia is only recorded for the years ending 2022 and 2023, showing a value of 0 in 2022 and a slight increase to 0.04 in 2023. This indicates minimal to no activity in asset utilization for Australia until a modest improvement in the latest year.
- United States
- The United States shows a consistently low asset turnover ratio, remaining at 0.01 for the years ending 2019, 2020, and 2021. There is a decline to 0 in 2022, followed by a return to 0.01 in 2023. Overall, asset turnover in this region is very low and stable, with a brief dip in 2022.
- Mexico
- Mexico exhibits a clear upward trend from 0.03 in 2019 to 0.13 in 2021, maintaining this level in 2022 before falling to 0.06 in 2023. This indicates a period of increasing efficiency in asset use over three years, followed by a noticeable decline in the most recent year.
- Other
- The "Other" category shows the highest and most variable asset turnover ratios. Starting at 0.63 in 2019, it increases steadily to 0.83 in 2020 and 0.84 in 2021, reaching a peak of 1.03 in 2022. However, there is a significant drop to 0.58 in 2023. This pattern suggests improving asset utilization over several years, followed by a substantial decline in the last observed period.
- Overall Trends and Insights
- Across the geographic areas, asset turnover ratios generally demonstrate variability with some regions showing improvement followed by recent declines (Mexico and Other), while others remain relatively low or negligible (United States and Australia). The Other category is notably the largest contributor to turnover and exhibits the most pronounced fluctuations, which could significantly impact overall company performance. The recent declines in Mexico and Other regions warrant monitoring as they may reflect changes in operational efficiency or asset management.
Area Asset Turnover: Australia
Newmont Corp.; Australia; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues from sales | 376) | 7) | —) | —) | —) |
| Long-lived assets | 9,373) | 3,374) | —) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.04 | 0.00 | — | — | — |
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
Area asset turnover = Revenues from sales ÷ Long-lived assets
= 376 ÷ 9,373 = 0.04
- Revenues from sales
- The revenue from sales in the Australia geographic area was reported only for the year ending December 31, 2023, amounting to US$ 7,376 million. There is no available data for the years 2019 through 2022, preventing trend analysis for earlier periods.
- Long-lived assets
- Long-lived assets show a significant increase from US$ 3,374 million in 2022 to US$ 9,373 million in 2023. There is no data for the years before 2022, but this sharp rise over one year suggests substantial capital investments or acquisitions relating to long-term assets in the Australia area.
- Area asset turnover
- Area asset turnover ratios were zero for 2022 and 0.04 for 2023, indicating very low efficiency in utilizing assets to generate revenue in the earlier year with a slight improvement the following year. Despite this increase, the ratio remains low, suggesting that asset utilization in the Australia segment may still have considerable room for enhancement.
Area Asset Turnover: United States
Newmont Corp.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues from sales | 48) | 24) | 62) | 97) | 78) |
| Long-lived assets | 7,011) | 6,928) | 7,462) | 7,631) | 8,357) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 |
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
Area asset turnover = Revenues from sales ÷ Long-lived assets
= 48 ÷ 7,011 = 0.01
- Revenues from Sales
- The revenues from sales displayed a fluctuating trend over the five-year period. Beginning at 78 million US dollars in 2019, revenues increased to 97 million in 2020, marking the highest point. Subsequently, there was a significant decline in 2021 to 62 million, followed by a sharper decrease to 24 million in 2022. In 2023, revenues recovered slightly to 48 million but remained well below the earlier years' levels. This pattern indicates instability in sales revenue with a notable dip after 2020.
- Long-lived Assets
- The value of long-lived assets showed a general downward trend from 2019 through 2023. Starting at 8,357 million US dollars in 2019, the amount decreased steadily each year to 7,631 million in 2020, 7,462 million in 2021, and 6,928 million in 2022. There was a minor increase in 2023 to 7,011 million. The consistent decline suggests asset disposals, depreciation, or lack of significant new investments in this geographic area during the period.
- Area Asset Turnover Ratio
- The asset turnover ratio remained largely static over the years, fluctuating between 0 and 0.01. This very low and nearly constant ratio indicates limited revenue generation relative to asset base in the area. The temporary drop to zero in 2022 corresponds with the lowest revenue figure in the same year, reflecting an almost complete lack of sales in proportion to assets at that time. The ratio's persistence at this low level points to potential inefficiencies or underutilization of assets in this geography.
Area Asset Turnover: Mexico
Newmont Corp.; Mexico; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues from sales | 240) | 604) | 642) | 277) | 190) |
| Long-lived assets | 4,119) | 4,644) | 4,795) | 5,032) | 6,482) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.06 | 0.13 | 0.13 | 0.06 | 0.03 |
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
Area asset turnover = Revenues from sales ÷ Long-lived assets
= 240 ÷ 4,119 = 0.06
- Revenues from sales
- Revenues in the Mexico geographic area displayed a significant upward trend from 2019 through 2021, increasing from 190 million US dollars in 2019 to a peak of 642 million US dollars in 2021. However, this growth was followed by a decline in the subsequent years, with revenues decreasing to 604 million US dollars in 2022 and further dropping sharply to 240 million US dollars by the end of 2023.
- Long-lived assets
- Long-lived assets showed a consistent decreasing trend over the five-year period. The value of these assets declined from 6482 million US dollars at the end of 2019 to 4119 million US dollars by the end of 2023, indicating a continuous reduction in the asset base associated with the Mexico area.
- Area asset turnover
- The area asset turnover ratio exhibited an improvement from 0.03 in 2019 to 0.13 in 2021 and 2022, suggesting increased efficiency in utilizing the asset base to generate sales during this period. However, in 2023, the ratio dropped to 0.06, reflecting a decreased efficiency likely influenced by the reduced revenues and the shrinking asset base.
Area Asset Turnover: Other
Newmont Corp.; Other; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues from sales | 11,148) | 11,280) | 11,518) | 11,123) | 9,472) |
| Long-lived assets | 19,075) | 10,941) | 13,754) | 13,420) | 14,956) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.58 | 1.03 | 0.84 | 0.83 | 0.63 |
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
Area asset turnover = Revenues from sales ÷ Long-lived assets
= 11,148 ÷ 19,075 = 0.58
- Revenues from Sales
- The revenues from sales showed a steady increase from 2019 to 2021, rising from 9,472 million USD in 2019 to 11,518 million USD in 2021. However, following this peak, there was a slight decline in revenues in the subsequent years, with values of 11,280 million USD in 2022 and 11,148 million USD in 2023. Overall, the revenue grew significantly in the initial period but displayed signs of stabilization and mild reduction toward the end.
- Long-lived Assets
- The value of long-lived assets experienced fluctuations over the five-year period. After an initial decline from 14,956 million USD in 2019 to 13,420 million USD in 2020, the assets slightly increased in 2021 to 13,754 million USD. This was followed by a notable drop in 2022 to 10,941 million USD. In 2023, there was a substantial increase to 19,075 million USD, the highest value within the period. This indicates a major investment or revaluation of long-lived assets in the most recent year.
- Area Asset Turnover
- The area asset turnover ratio demonstrated variability, starting at 0.63 in 2019 and increasing noticeably to 0.83 in 2020 and 0.84 in 2021. The ratio peaked in 2022 at 1.03, indicating improved efficiency in asset utilization to generate sales. However, in 2023, the ratio sharply declined to 0.58, suggesting a reduction in the efficiency of asset use relative to revenue generation. This decline coincides with the significant increase in long-lived assets, which may have influenced the turnover ratio negatively.
Long-lived assets
Newmont Corp., long-lived assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Australia | 9,373) | 3,374) | —) | —) | —) |
| United States | 7,011) | 6,928) | 7,462) | 7,631) | 8,357) |
| Mexico | 4,119) | 4,644) | 4,795) | 5,032) | 6,482) |
| Other | 19,075) | 10,941) | 13,754) | 13,420) | 14,956) |
| Total | 39,578) | 25,887) | 26,011) | 26,083) | 29,795) |
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).
- Australia
- The data for Australia is only available for the years 2022 and 2023. There is a significant increase in long-lived assets from 3,374 million USD in 2022 to 9,373 million USD in 2023, indicating a notable investment or acquisition in this region.
- United States
- Long-lived assets in the United States display a declining trend from 8,357 million USD in 2019 to 6,928 million USD in 2022, followed by a slight recovery to 7,011 million USD in 2023. This suggests a reduction in asset base over the initial period, with some stabilization or modest growth in the most recent year.
- Mexico
- The values for Mexico show a consistent downward trend throughout the five-year period, decreasing from 6,482 million USD in 2019 to 4,119 million USD in 2023. The decline indicates a gradual reduction in long-lived assets in this region, possibly reflecting divestments or asset impairments.
- Other
- Assets classified under 'Other' exhibit variability over the years. Starting at 14,956 million USD in 2019, the figure decreases to 10,941 million USD in 2022 before sharply increasing to 19,075 million USD in 2023. This fluctuation may be attributed to shifts in asset allocations or transactions impacting various geographic areas not itemized separately.
- Total
- Total long-lived assets show a decline from 29,795 million USD in 2019 to around 25,887 million USD in 2022, followed by a substantial increase to 39,578 million USD in 2023. The sharp rise in 2023 is primarily driven by increases in Australia and the 'Other' category, indicating a strategic expansion or significant investment in those areas.
Revenues from sales
Newmont Corp., revenues from sales by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Australia | 376) | 7) | —) | —) | —) |
| United States | 48) | 24) | 62) | 97) | 78) |
| Mexico | 240) | 604) | 642) | 277) | 190) |
| Other | 11,148) | 11,280) | 11,518) | 11,123) | 9,472) |
| Total | 11,812) | 11,915) | 12,222) | 11,497) | 9,740) |
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).
- Australia Revenue
- The revenue from Australia is only reported for the year ending December 31, 2023, amounting to 7,376 million US dollars. No prior data is available for comparison, so trend analysis cannot be conducted for this geographic segment.
- United States Revenue
- The United States shows a fluctuating revenue trend over the five-year period. Starting at 78 million US dollars in 2019, it rose to 97 million in 2020, then declined sharply to 62 million in 2021, dropped further to 24 million in 2022, and rebounded slightly to 48 million in 2023. This indicates volatility with an overall downward trend followed by a partial recovery in the most recent year.
- Mexico Revenue
- Mexico experienced significant growth in revenue from 2019 to 2021. Revenues increased from 190 million US dollars in 2019 to 277 million in 2020, then surged to 642 million in 2021. However, a decline followed, with revenues falling to 604 million in 2022 and further to 240 million in 2023. Despite the recent decrease, revenue levels remain above those reported in 2019 and 2020.
- Other Regions Revenue
- The "Other" category, representing unspecified geographic areas, shows a steady increase from 9,472 million US dollars in 2019 to a peak of 11,518 million in 2021. A slight decline occurred in 2022, with revenues reported at 11,280 million, followed by a marginal decrease to 11,148 million in 2023. Overall, this segment contributes the largest portion of the total revenue and demonstrates relative stability with modest fluctuations.
- Total Revenue
- Total revenues follow a rising trend from 9,740 million US dollars in 2019 to a high of 12,222 million in 2021. Subsequently, revenues decreased slightly to 11,915 million in 2022 and further to 11,812 million in 2023. The overall pattern suggests growth over the first three years followed by a mild contraction in the latter two years, consistent with the declines seen primarily in the Mexico and United States segments.