Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Newmont Corp., long-term (investment) activity ratios
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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Newmont Corp. net fixed asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Newmont Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Newmont Corp. total asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Newmont Corp. equity turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Net Fixed Asset Turnover
Newmont Corp., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales | 11,812) | 11,915) | 12,222) | 11,497) | 9,740) | |
| Property, plant and mine development, net | 37,563) | 24,073) | 24,124) | 24,281) | 25,276) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 0.31 | 0.49 | 0.51 | 0.47 | 0.39 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 0.66 | 0.71 | 0.76 | 0.48 | 0.49 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Metals & Mining | 0.48 | 0.62 | 0.65 | 0.48 | 0.44 | |
| Net Fixed Asset Turnover, Industry | ||||||
| Materials | 0.70 | 0.85 | 0.82 | 0.64 | 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
Net fixed asset turnover = Sales ÷ Property, plant and mine development, net
= 11,812 ÷ 37,563 = 0.31
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Newmont Corp. net fixed asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Newmont Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales | 11,812) | 11,915) | 12,222) | 11,497) | 9,740) | |
| Property, plant and mine development, net | 37,563) | 24,073) | 24,124) | 24,281) | 25,276) | |
| Operating lease right-of-use (ROU) assets | 105) | 116) | 128) | 108) | 75) | |
| Property, plant and mine development, net (including operating lease, right-of-use asset) | 37,668) | 24,189) | 24,252) | 24,389) | 25,351) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 0.31 | 0.49 | 0.50 | 0.47 | 0.38 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Freeport-McMoRan Inc. | 0.65 | 0.70 | 0.75 | 0.48 | 0.49 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Metals & Mining | 0.48 | 0.61 | 0.64 | 0.47 | 0.44 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Materials | 0.69 | 0.84 | 0.81 | 0.63 | 0.62 | |
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
Net fixed asset turnover (including operating lease, right-of-use asset) = Sales ÷ Property, plant and mine development, net (including operating lease, right-of-use asset)
= 11,812 ÷ 37,668 = 0.31
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Newmont Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2021 to 2022 and from 2022 to 2023. |
Total Asset Turnover
Newmont Corp., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales | 11,812) | 11,915) | 12,222) | 11,497) | 9,740) | |
| Total assets | 55,506) | 38,482) | 40,564) | 41,369) | 39,974) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.21 | 0.31 | 0.30 | 0.28 | 0.24 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 0.44 | 0.45 | 0.48 | 0.34 | 0.35 | |
| Total Asset Turnover, Sector | ||||||
| Metals & Mining | 0.32 | 0.39 | 0.40 | 0.31 | 0.30 | |
| Total Asset Turnover, Industry | ||||||
| Materials | 0.36 | 0.40 | 0.39 | 0.31 | 0.31 | |
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
Total asset turnover = Sales ÷ Total assets
= 11,812 ÷ 55,506 = 0.21
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Newmont Corp. total asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Equity Turnover
Newmont Corp., equity turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales | 11,812) | 11,915) | 12,222) | 11,497) | 9,740) | |
| Total Newmont stockholders’ equity | 29,027) | 19,354) | 22,022) | 23,008) | 21,420) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 0.41 | 0.62 | 0.55 | 0.50 | 0.45 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 1.37 | 1.46 | 1.63 | 1.40 | 1.55 | |
| Equity Turnover, Sector | ||||||
| Metals & Mining | 0.76 | 0.99 | 0.97 | 0.77 | 0.79 | |
| Equity Turnover, Industry | ||||||
| Materials | 0.79 | 0.91 | 0.82 | 0.66 | 0.66 | |
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
Equity turnover = Sales ÷ Total Newmont stockholders’ equity
= 11,812 ÷ 29,027 = 0.41
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Newmont Corp. equity turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |