Stock Analysis on Net
Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

Analysis of Profitability Ratios
Quarterly Data

Beginner level

Profitability ratios measure the company’s ability to generate profitable sales from its resources (assets).


Profitability Ratios (Summary)

Newmont Corp., profitability ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Return on Sales
Gross profit margin 27.07% 23.46% 23.67% 23.42% 22.42% 24.95% 24.57% 24.20% 24.64% 25.85% 25.64% 23.74% 23.73% 23.58% 22.95% 20.29% 20.96% 21.96% 24.74%
Operating profit margin 17.55% 13.75% 13.11% 12.83% 7.15% 10.54% 10.89% 10.29% 16.06% 17.65% 17.41% 2.32% 1.91% 1.06% -0.15% 9.91% 10.82% 11.80% 15.05%
Net profit margin 36.79% 33.66% 28.80% 25.42% -1.03% 3.26% 4.70% -2.63% 2.24% 0.64% -1.33% 1.18% -6.73% -9.16% -9.34% -7.97% 0.57% 1.23% 2.85%
Return on Investment
Return on equity (ROE) 17.76% 16.23% 13.10% 10.46% -0.42% 2.25% 3.25% -1.77% 1.51% 0.45% -0.92% 0.76% -4.38% -5.89% -5.85% -4.84% 0.35% 0.78% 1.94%
Return on assets (ROA) 9.80% 8.92% 7.02% 5.50% -0.22% 1.13% 1.65% -0.91% 0.79% 0.23% -0.48% 0.41% -2.27% -3.02% -2.98% -2.23% 0.16% 0.36% 0.87%

Based on: 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-24).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Newmont Corp.’s gross profit margin ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Newmont Corp.’s operating profit margin ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Newmont Corp.’s net profit margin ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Newmont Corp.’s ROE improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
ROA A profitability ratio calculated as net income divided by total assets. Newmont Corp.’s ROA improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Gross Profit Margin

Newmont Corp., gross profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Gross profit 739  646  780  711  331  483  541  401  381  459  487  470  524  403  313  448  465  314  140  544  587  641 
Sales 2,365  2,581  2,967  2,713  2,257  1,803  2,048  1,726  1,662  1,817  1,935  1,879  1,875  1,659  1,789  1,791  1,669  1,462  1,816  2,033  1,908  1,972 
Profitability Ratio
Gross profit margin1 27.07% 23.46% 23.67% 23.42% 22.42% 24.95% 24.57% 24.20% 24.64% 25.85% 25.64% 23.74% 23.73% 23.58% 22.95% 20.29% 20.96% 21.96% 24.74%

Based on: 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-24).

1 Q2 2020 Calculation
Gross profit margin = 100 × (Gross profitQ2 2020 + Gross profitQ1 2020 + Gross profitQ4 2019 + Gross profitQ3 2019) ÷ (SalesQ2 2020 + SalesQ1 2020 + SalesQ4 2019 + SalesQ3 2019)
= 100 × (739 + 646 + 780 + 711) ÷ (2,365 + 2,581 + 2,967 + 2,713) = 27.07%

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Newmont Corp.’s gross profit margin ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Operating Profit Margin

Newmont Corp., operating profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Operating income (loss) 431  457  519  458  12  288  374  (114) 215  315  319  322  369  269  (793) 291  306  186  (115) 378  403  497 
Sales 2,365  2,581  2,967  2,713  2,257  1,803  2,048  1,726  1,662  1,817  1,935  1,879  1,875  1,659  1,789  1,791  1,669  1,462  1,816  2,033  1,908  1,972 
Profitability Ratio
Operating profit margin1 17.55% 13.75% 13.11% 12.83% 7.15% 10.54% 10.89% 10.29% 16.06% 17.65% 17.41% 2.32% 1.91% 1.06% -0.15% 9.91% 10.82% 11.80% 15.05%

Based on: 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-24).

1 Q2 2020 Calculation
Operating profit margin = 100 × (Operating income (loss)Q2 2020 + Operating income (loss)Q1 2020 + Operating income (loss)Q4 2019 + Operating income (loss)Q3 2019) ÷ (SalesQ2 2020 + SalesQ1 2020 + SalesQ4 2019 + SalesQ3 2019)
= 100 × (431 + 457 + 519 + 458) ÷ (2,365 + 2,581 + 2,967 + 2,713) = 17.55%

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Newmont Corp.’s operating profit margin ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Net Profit Margin

Newmont Corp., net profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Newmont stockholders 344  822  565  2,178  (25) 87  (145) 292  192  (527) 206  177  46  (344) (358) 23  52  (254) 219  72  183 
Sales 2,365  2,581  2,967  2,713  2,257  1,803  2,048  1,726  1,662  1,817  1,935  1,879  1,875  1,659  1,789  1,791  1,669  1,462  1,816  2,033  1,908  1,972 
Profitability Ratio
Net profit margin1 36.79% 33.66% 28.80% 25.42% -1.03% 3.26% 4.70% -2.63% 2.24% 0.64% -1.33% 1.18% -6.73% -9.16% -9.34% -7.97% 0.57% 1.23% 2.85%

Based on: 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-24).

1 Q2 2020 Calculation
Net profit margin = 100 × (Net income (loss) attributable to Newmont stockholdersQ2 2020 + Net income (loss) attributable to Newmont stockholdersQ1 2020 + Net income (loss) attributable to Newmont stockholdersQ4 2019 + Net income (loss) attributable to Newmont stockholdersQ3 2019) ÷ (SalesQ2 2020 + SalesQ1 2020 + SalesQ4 2019 + SalesQ3 2019)
= 100 × (344 + 822 + 565 + 2,178) ÷ (2,365 + 2,581 + 2,967 + 2,713) = 36.79%

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Newmont Corp.’s net profit margin ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Return on Equity (ROE)

Newmont Corp., ROE calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Newmont stockholders 344  822  565  2,178  (25) 87  (145) 292  192  (527) 206  177  46  (344) (358) 23  52  (254) 219  72  183 
Total Newmont stockholders’ equity 22,004  21,806  21,420  21,430  19,354  10,499  10,502  10,597  10,813  10,575  10,609  11,138  10,928  10,755  10,721  11,102  11,423  11,349  11,350  11,544  11,271  10,462 
Profitability Ratio
ROE1 17.76% 16.23% 13.10% 10.46% -0.42% 2.25% 3.25% -1.77% 1.51% 0.45% -0.92% 0.76% -4.38% -5.89% -5.85% -4.84% 0.35% 0.78% 1.94%

Based on: 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-24).

1 Q2 2020 Calculation
ROE = 100 × (Net income (loss) attributable to Newmont stockholdersQ2 2020 + Net income (loss) attributable to Newmont stockholdersQ1 2020 + Net income (loss) attributable to Newmont stockholdersQ4 2019 + Net income (loss) attributable to Newmont stockholdersQ3 2019) ÷ Total Newmont stockholders’ equity
= 100 × (344 + 822 + 565 + 2,178) ÷ 22,004 = 17.76%

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Newmont Corp.’s ROE improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Return on Assets (ROA)

Newmont Corp., ROA calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Newmont stockholders 344  822  565  2,178  (25) 87  (145) 292  192  (527) 206  177  46  (344) (358) 23  52  (254) 219  72  183 
Total assets 39,885  39,699  39,974  40,763  36,987  20,880  20,715  20,559  20,655  20,483  20,563  20,836  21,142  20,969  21,031  24,081  24,703  24,553  25,182  25,554  25,961  25,602 
Profitability Ratio
ROA1 9.80% 8.92% 7.02% 5.50% -0.22% 1.13% 1.65% -0.91% 0.79% 0.23% -0.48% 0.41% -2.27% -3.02% -2.98% -2.23% 0.16% 0.36% 0.87%

Based on: 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-24).

1 Q2 2020 Calculation
ROA = 100 × (Net income (loss) attributable to Newmont stockholdersQ2 2020 + Net income (loss) attributable to Newmont stockholdersQ1 2020 + Net income (loss) attributable to Newmont stockholdersQ4 2019 + Net income (loss) attributable to Newmont stockholdersQ3 2019) ÷ Total assets
= 100 × (344 + 822 + 565 + 2,178) ÷ 39,885 = 9.80%

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Newmont Corp.’s ROA improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.