Newmont (BUE:NEM) Change In Inventory : ARS5,136 Mil (TTM As of Mar. 2024)

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What is Newmont Change In Inventory?

Newmont's change in inventory for the quarter that ended in Mar. 2024 was ARS0 Mil. It means Newmont's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Newmont's change in inventory for the fiscal year that ended in Dec. 2023 was ARS-67,507 Mil. It means Newmont's inventory increased by ARS67,507 Mil from Dec. 2022 to Dec. 2023 .

Newmont's Total Inventories for the quarter that ended in Mar. 2024 was ARS1,794,525 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Newmont's Days Inventory for the quarter that ended in Mar. 2024 was 53.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Newmont's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.69.

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 quarter that ended in Mar. 2024 was 0.41.

Newmont Change In Inventory Historical Data

The historical data trend for Newmont's Change In 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.

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Newmont Change In Inventory Chart

Newmont Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-7,890.12

-11,311.82

-13,734.64

-26,991.65

-67,507.00

Newmont Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-33,781.05	-21,600.00	-699.90	27,436.00	-

Newmont Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ARS5,136 Mil.

Newmont (BUE:NEM) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Newmont's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1374143.516	/	2325300.04	*	365 / 4
	=	53.92

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Newmont's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2325300.04	/	1374143.516
	=	1.69

3. 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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1374143.516	/	3389377.558
	=	0.41

Newmont Change In Inventory Related Terms

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Newmont (BUE:NEM) Business Description

Industry

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Address

6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237

Website

https://www.newmont.com

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.