Days Inventory is also known as Days Sales of Inventory (DSI). Newmont's Average Total Inventories for the
three
months ended in Dec. 2023 was $2,299 Mil. Newmont's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2,984 Mil.
Hence, Newmont's Days Inventory for the
three
months ended in Dec. 2023 was 70.30.
The historical rank and industry rank for Newmont's Days Inventory or its related term are showing as below:
NEM'
s Days Inventory Range Over the Past 10 Years
Min: 74.66 Med: 91.64 Max: 152.1
Current: 85.31
During the past 13 years, Newmont's highest Days Inventory was 152.10. The lowest was 74.66. And the median was 91.64.
NEM's Days Inventory is ranked better than 51.52% of 656
companies
in the Metals & Mining industry
Industry Median: 87.22
vs NEM: 85.31
Newmont's Days Inventory
increased
from Dec. 2022 (66.89) to Dec. 2023 (70.30).
It might indicate that Newmont's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Newmont's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.30.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Newmont's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.58.
Newmont Days Inventory Historical Data
The historical data trend for Newmont's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Newmont Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
80.42
90.23
84.15
74.66
91.07
Newmont Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
66.89
87.47
88.62
96.75
70.30
Competitive Comparison
For the Gold subindustry, Newmont's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Newmont Days Inventory Distribution
For the Metals & Mining industry and Basic Materials sector, Newmont's Days Inventory distribution charts can be found below:
* The bar in red indicates where Newmont's Days Inventory falls into.
Newmont Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Newmont's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Newmont (NYSE:NEM) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Newmont's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Newmont's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Newmont Days Inventory Related Terms
Thank you for viewing the detailed overview of Newmont's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 7.3 million ounces of gold in 2023 pro forma for Newcrest on an annualized basis. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts from its various gold mines. It had about two decades of gold reserves along with significant byproduct reserves after acquiring Newcrest.
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