Newmont's change in inventory for the quarter that ended in Dec. 2023 was $76 Mil. It means Newmont's inventory
declined by $76 Mil
from Sep. 2023 to Dec. 2023 .
Newmont's change in inventory for the fiscal year that ended in Dec. 2023 was $-187 Mil. It means Newmont's inventory
increased by $187 Mil
from Dec. 2022 to Dec. 2023 .
Newmont's Total Inventories for the quarter that ended in Dec. 2023 was $2,642 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 Dec. 2023 was 70.30.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Newmont's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.58.
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.
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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-187 Mil.
* 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) 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:
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 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 Change In Inventory Related Terms
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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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