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Newmont Corp  (NEM)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials

Newmont's Working Capital Ratio

NEM's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth




NEM Working Capital Ratio (Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
(Mar 31 2022)
I. Quarter
(Dec 31 2021)
IV. Quarter
(Sep 30 2021)
III. Quarter
Y / Y Current Liabilities Change -16.97 % -12.06 % -30.55 % -21.22 % 3.55 %
Y / Y Current Assets Change -15.42 % -7.23 % -15.6 % -9.51 % -2.45 %
Working Capital Ratio MRQ 2.72 2.82 2.92 2.9 2.67
Overall Ranking # 1902 # 1909 # 0 # 554 # 752
Seq. Current Liabilities Change -5.18 % 1.41 % -8.93 % -5.18 % 0.43 %
Seq. Current Assets Change -8.5 % -2.15 % -8.28 % 3 % 0.36 %



Working Capital Ratio third quarter 2022 Comment
Regardless of the sequential decrease in Current Liabilities, Working Capital Ratio detoriated to 2.72 below company average Working Capital Ratio.

Within Metal Mining industry 27 other companies have achieved higher Working Capital Ratio than Newmont in third quarter 2022. While Working Capital Ratio total ranking has improved so far to 1902, from total ranking in previous quarter at 1909.

Explain Working Capital Ratio
Where is NEM most successful ?
Working Capital Ratio NEM on the trailing twelve month basis
Working Capital Ratio third quarter 2022 Company Ranking
Within: No.
Metal Mining Industry # 28
Basic Materials Sector # 98
Overall Market # 1902


Working Capital Ratio Statistics
High Average Low
4.7 2.5 1.33
(Sep 30 2018)   (June 30. 2009)




Financial Statements
Newmont's Current Liabilities $ 2,324 Millions Visit NEM's Balance sheet
Newmont's Current Assets $ 6,320 Millions Visit NEM's Balance sheet
Source of NEM's Sales Visit NEM's Sales by Geography


Cumulative Newmont's Working Capital Ratio

NEM's Working Capital Ratio for the trailling 12 Months

NEM Working Capital Ratio

(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
(Mar 31 2022)
I. Quarter
(Dec 31 2021)
IV. Quarter
(Sep 30 2021)
III. Quarter
Y / Y Current Liabilities TTM Growth -16.97 % -12.06 % -30.55 % -21.22 % 3.55 %
Y / Y Current Assets TTM Growth -15.42 % -7.23 % -15.6 % -9.51 % -2.45 %
Working Capital Ratio TTM 2.84 2.82 2.78 2.64 2.56
Total Ranking TTM # 1484 # 768 # 1490 # 1323 # 1847
Seq. Current Liabilities TTM Growth -5.18 % 1.41 % -8.93 % -5.18 % 0.43 %
Seq. Current Assets TTM Growth -8.5 % -2.15 % -8.28 % 3 % 0.36 %


TTM Working Capital Ratio Comment
On the trailing twelve months basis Current Liabilities decreased faster than Newmont's average Current Assets, this led to increase in in Newmont's Working Capital Ratio to 2.84, Working Capital Ratio remained below NEM average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operatig within Metal Mining industry 21 other companies have achieved higher Working Capital Ratio than Newmont. While overall ranking remained unchanged compare to previous quarter at no. 1484.

Explain Working Capital Ratio
Where is NEM most successful ?
Working Capital Ratio NEM on the trailing twelve month basis

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Metal Mining Industry # 22
Basic Materials Sector # 75
Within the Market # 1484


TTM Working Capital Ratio Statistics
High Average Low
4.23 2.44 1.59
(Sep 30 2018)   (March 31, 2007)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2022, within Metal Mining Industry Working Capital RatioSep 30 2022 MRQ Current AssetsSep 30 2022 MRQ Current Liabilities
Star Gold Corp   7.03 $ 0.161  Millions$ 0.023  Millions
Trilogy Metals Inc.  5.25 $ 3.631  Millions$ 0.692  Millions
Westwater Resources inc   4.88 $ 100.824  Millions$ 20.643  Millions
Southern Copper Corp  4.03 $ 4,959.300  Millions$ 1,229.400  Millions
Perpetua Resources Corp   3.59 $ 30.471  Millions$ 8.499  Millions
Uranium Energy Corp  3.12 $ 54.895  Millions$ 17.608  Millions
Gold Resource Corporation  2.96 $ 48.329  Millions$ 16.310  Millions
Tmc The Metals Company Inc   2.85 $ 71.909  Millions$ 25.188  Millions
Royal Gold inc  2.82 $ 181.783  Millions$ 64.476  Millions
Newmont Corp  2.72 $ 6,320.000  Millions$ 2,324.000  Millions
Freeport mcmoran Inc   2.56 $ 15,373.000  Millions$ 5,999.000  Millions
Golden Minerals Co  2.44 $ 11.277  Millions$ 4.621  Millions
Timberline Resources Corporation  2.38 $ 2.457  Millions$ 1.033  Millions
Cleveland cliffs Inc   2.33 $ 8,325.000  Millions$ 3,580.000  Millions
Idaho Strategic Resources Inc   1.85 $ 3.550  Millions$ 1.924  Millions
Mcewen Mining Inc   1.84 $ 96.068  Millions$ 52.112  Millions
Coeur Mining Inc   1.73 $ 445.983  Millions$ 257.690  Millions
Nevada Canyon Gold Corp   1.71 $ 1.391  Millions$ 0.811  Millions
Dynaresource Inc   1.56 $ 29.628  Millions$ 18.987  Millions
Colambda Technologies Inc   1.52 $ 2.899  Millions$ 1.913  Millions
Scandium International Mining Corp   1.18 $ 1.982  Millions$ 1.684  Millions
Rise Gold Corp   1.12 $ 0.606  Millions$ 0.540  Millions
Athena Gold Corporation  1.10 $ 0.270  Millions$ 0.247  Millions
Bunker Hill Mining Corp   1.03 $ 11.788  Millions$ 11.439  Millions
Star Alliance International Corp   0.66 $ 1.270  Millions$ 1.916  Millions

Date modified: 2022-11-02T16:25:07+00:00

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