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).
The analysis of geographic area asset turnover reveals a significant disparity in capital efficiency across different operational regions. While the majority of specific national assets exhibit low turnover ratios, the "Other" category consistently demonstrates a substantially higher ability to generate revenue relative to its asset base, despite recent volatility.
- Australia
- Asset turnover in Australia was not reported for the initial three years of the period. A value of 0.00 was recorded in 2022, followed by a marginal increase to 0.04 in 2023, indicating the beginning of revenue generation relative to assets in this region.
- United States
- The United States maintains a stagnant and extremely low asset turnover ratio. The value remained constant at 0.01 from 2019 through 2021, dipped to 0.00 in 2022, and returned to 0.01 in 2023, suggesting very low capital productivity in this geographic segment.
- Mexico
- Mexico exhibited a period of growth and subsequent decline. The ratio rose steadily from 0.03 in 2019 to a peak of 0.13 in 2021 and 2022. However, a sharp contraction occurred in 2023, with the ratio falling back to 0.06.
- Other
- The "Other" geographic category represents the most efficient use of assets among all segments. This region saw a consistent upward trend from 0.63 in 2019 to a peak of 1.03 in 2022. A significant reversal followed in 2023, where the ratio declined to 0.58, although it remains the highest performing area in terms of turnover.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
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
The financial performance for the Australian region indicates a period of significant expansion and the commencement of operational scaling between 2022 and 2023. The metrics suggest a transition from a development or acquisition phase into an active production phase.
- Revenues from sales
- A substantial increase in revenue is observed, rising from 7 million USD in 2022 to 376 million USD in 2023. This sharp growth suggests a transition toward full-scale operational activity within the region.
- Long-lived assets
- The asset base experienced a significant expansion, increasing from 3,374 million USD in 2022 to 9,373 million USD in 2023. This indicates large-scale capital expenditures or the integration of significant new assets into the Australian portfolio.
- Area asset turnover
- The area asset turnover ratio improved from 0.00 in 2022 to 0.04 in 2023. While the ratio remains low, the upward movement reflects the initial stages of generating revenue from the expanded asset base. The current level suggests that the invested capital is not yet producing proportional revenue, which is typical for assets in a ramp-up or early-stage production phase.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
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
The financial performance of the United States geographic area is characterized by extremely low asset utilization and significant revenue volatility over the five-year period ending December 31, 2023. Despite maintaining a substantial base of long-lived assets, the revenue generated from these assets is disproportionately low, resulting in a stagnant and minimal area asset turnover ratio.
- Revenue Trends
- Revenues from sales exhibit a volatile trajectory, peaking at 97 million US dollars in 2020 before experiencing a sharp decline. A significant trough occurred in 2022, where revenues dropped to 24 million US dollars, representing a substantial decrease from previous years. Although a partial recovery to 48 million US dollars was observed in 2023, the figure remains well below the 2019 and 2020 levels.
- Long-lived Asset Base
- A gradual contraction in long-lived assets is evident from 2019 to 2022, moving from 8,357 million US dollars down to 6,928 million US dollars. This downward trend indicates a reduction in the asset base, likely due to depreciation, impairment, or divestments. A marginal increase to 7,011 million US dollars was recorded in 2023, suggesting a stabilization of the asset base.
- Area Asset Turnover Efficiency
- The area asset turnover ratio remained consistently low at 0.01 throughout most of the period, indicating an inability to generate significant sales relative to the investment in long-lived assets. The ratio reached its lowest point of 0.00 in 2022, coinciding with the sharpest decline in annual revenues. The return to 0.01 in 2023 reflects the modest recovery in sales, though overall asset efficiency remains negligible.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
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
The operational efficiency of the Mexican geographic area exhibited significant volatility between 2019 and 2023, characterized by a mid-period peak in revenue generation and a consistent reduction in the asset base.
- Revenue Trends
- Revenues from sales experienced a sharp upward trajectory from 2019, increasing from 190 million USD to a peak of 642 million USD in 2021. Following a slight moderation to 604 million USD in 2022, a substantial contraction occurred in 2023, with revenues falling to 240 million USD.
- Long-Lived Asset Base
- A consistent downward trend is observed in long-lived assets throughout the analyzed period. The asset base decreased monotonically from 6,482 million USD in 2019 to 4,119 million USD by the end of 2023, representing a total reduction of approximately 36% over five years.
- Area Asset Turnover Analysis
- The asset turnover ratio improved from 0.03 in 2019 to a peak of 0.13 in 2021 and 2022. This improvement was the result of simultaneous revenue growth and asset base contraction. However, this efficiency gain was not sustained, as the ratio declined to 0.06 in 2023, mirroring the significant drop in sales revenue.
Overall, the data indicates that while the asset base has been steadily streamlined, the ability to generate revenue from those assets has fluctuated significantly, resulting in an asset turnover ratio that reverted to 2020 levels by the end of 2023.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
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
The financial performance regarding asset utilization from 2019 to 2023 is characterized by an initial period of increasing efficiency followed by a sharp decline in the final year. Revenue growth was most prominent between 2019 and 2021, while the asset base underwent significant fluctuations, culminating in a substantial expansion in 2023.
- Revenue Performance
- Revenues from sales experienced an upward trajectory starting at 9,472 million USD in 2019 and reaching a peak of 11,518 million USD in 2021. From 2022 to 2023, revenues remained relatively stable, ending the period at 11,148 million USD.
- Long-lived Asset Trends
- The long-lived asset base showed a general downward trend from 2019 through 2022, decreasing from 14,956 million USD to 10,941 million USD. This trend reversed abruptly in 2023, with assets increasing to 19,075 million USD, representing a significant expansion of the capital base.
- Area Asset Turnover Analysis
- The asset turnover ratio improved steadily from 0.63 in 2019 to a peak of 1.03 in 2022, indicating an increase in the efficiency of generating revenue from long-lived assets. This improvement was driven by the simultaneous increase in revenues and the reduction of the asset base during that timeframe. However, in 2023, the ratio fell to 0.58, the lowest point in the five-year period. This decline is directly attributable to the sharp increase in long-lived assets occurring while revenues remained stagnant, suggesting a period of heavy investment that has not yet translated into proportional revenue growth.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
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).
Total long-lived assets exhibited a period of gradual contraction between 2019 and 2022, decreasing from 29,795 million USD to 25,887 million USD. This trend was reversed sharply in 2023, with total assets increasing by approximately 52.8% to reach 39,578 million USD, indicating a significant expansion of the asset base.
- Australia
- A substantial increase in asset allocation is observed in this region. After appearing in the records in 2022 with 3,374 million USD, the value surged to 9,373 million USD by the end of 2023, representing a growth of approximately 177.8% in a single year.
- United States
- A general downward trend occurred from 2019 to 2022, where assets declined from 8,357 million USD to 6,928 million USD. A slight recovery was noted in 2023, with assets rising to 7,011 million USD, though the value remains below 2019 levels.
- Mexico
- A consistent and uninterrupted decline in long-lived assets is evident throughout the reported period. Assets decreased from 6,482 million USD in 2019 to 4,119 million USD in 2023, reflecting a total reduction of approximately 36.8%.
- Other Regions
- This category demonstrates significant volatility. Following a decrease from 14,956 million USD in 2019 to a low of 10,941 million USD in 2022, there was a sharp increase to 19,075 million USD in 2023, making it the largest geographic component of the asset portfolio.
The overall geographic distribution of assets reveals a strategic shift. While North American assets in the United States and Mexico have generally diminished, there has been a concentrated increase in assets within Australia and other international territories, particularly in 2023.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
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).
Total revenues exhibited a growth trajectory from 2019 to 2021, increasing from US$ 9,740 million to a peak of US$ 12,222 million, followed by a slight downward correction to US$ 11,812 million by the end of 2023. This overall trend reflects a period of expansion followed by relative stabilization in total sales volume.
- Revenue Concentration in Other Regions
- The vast majority of sales are attributed to the Other geographic category, which consistently accounts for over 90% of total revenues. This segment grew from US$ 9,472 million in 2019 to a peak of US$ 11,518 million in 2021, remaining the primary driver of financial performance through 2023.
- Mexican Market Volatility
- Revenues from Mexico demonstrated significant fluctuation, rising from US$ 190 million in 2019 to a peak of US$ 642 million in 2021. However, a notable contraction occurred in 2023, with revenues falling to US$ 240 million, indicating a reduction in sales contribution from this region.
- Australian Market Emergence
- A distinct shift is observed in the Australian market, where revenues were negligible or unreported until 2022. A substantial increase occurred in 2023, with revenues rising to US$ 376 million, suggesting a strategic expansion or the commencement of significant production in that region.
- United States Performance
- Sales within the United States remained a minor component of the total revenue mix. After reaching a five-year high of US$ 97 million in 2020, the figures trended downward to US$ 24 million in 2022 before recovering slightly to US$ 48 million in 2023.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?