Newmont's gross profit for the
three
months ended in Mar. 2024 was $1,263 Mil. Newmont's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $3,532 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Newmont's gross profit for the
three
months ended in Mar. 2024 was $1,263 Mil. Newmont's Revenue for the
three
months ended in Mar. 2024 was $4,023 Mil. Therefore, Newmont's Gross Margin % for the quarter that ended in Mar. 2024 was 31.39%.
Newmont had a gross margin of 31.39% for the quarter that ended in Mar. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Newmont was 36.52%. The lowest was 23.09%. And the median was 26.70%.
Newmont Gross Profit Historical Data
The historical data trend for Newmont's Gross Profit 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.
For the Gold subindustry, Newmont's Gross Profit, along with its competitors' market caps and Gross Profit 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's Gross Profit Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Newmont's Gross Profit distribution charts can be found below:
* The bar in red indicates where Newmont's Gross Profit falls into.
Newmont Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Newmont's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit 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 $3,532 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Newmont (NYSE:NEM) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Newmont had a gross margin of 31.39% for the quarter that ended in Mar. 2024 => Competition eroding margins
Newmont Gross Profit Related Terms
Thank you for viewing the detailed overview of Newmont's Gross Profit 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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