NEM (Newmont) Days Payable : 22.57 (As of Sep. 2024)

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What is Newmont Days Payable?

Newmont's average Accounts Payable for the three months ended in Sep. 2024 was $728 Mil. Newmont's Cost of Goods Sold for the three months ended in Sep. 2024 was $2,941 Mil. Hence, Newmont's Days Payable for the three months ended in Sep. 2024 was 22.57.

The historical rank and industry rank for Newmont's Days Payable or its related term are showing as below:

NEM' s Days Payable Range Over the Past 10 Years
Min: 21.48 Med: 24.06 Max: 33.01
Current: 24.01

During the past 13 years, Newmont's highest Days Payable was 33.01. The lowest was 21.48. And the median was 24.06.

NEM's Days Payable is ranked worse than
89.4% of 1057 companies
in the Metals & Mining industry
Industry Median: 136.56 vs NEM: 24.01

Newmont's Days Payable declined from Sep. 2023 (29.97) to Sep. 2024 (22.57). It may suggest that Newmont accelerated paying its suppliers.

Newmont Days Payable Historical Data

The historical data trend for Newmont's Days Payable 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 Days Payable Chart

Newmont Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.48

25.75

23.78

24.28

33.01

Newmont Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															29.97	24.63	27.41	22.85	22.57

Competitive Comparison of Newmont's Days Payable

For the Gold subindustry, Newmont's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newmont's Days Payable distribution charts can be found below:

* The bar in red indicates where Newmont's Days Payable falls into.

Newmont Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Newmont's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (633	+	960)	/	2 )	/	8807	*	365
=	796.5					/	8807	*	365
=	33.01

Newmont's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (683	+	772)	/	2 )	/	2941	*	365 / 4
=	727.5					/	2941	*	365 / 4
=	22.57

Newmont Days Payable Related Terms

Thank you for viewing the detailed overview of Newmont's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Newmont Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmont Corp (NYSE:NEM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NEMCL:USA NEM:Peru NEM:Mexico 1NEM:Italy 0R28:UK NMM0:Germany NMM0:Germany NMM0:Germany NMM:Germany NMM:Germany NMM:Germany NMM:Germany NEM:Chile NGT:Canada N1EM34:Brazil NEM:Australia NEWM:Austria NEM:Argentina

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 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.

Executives

Thomas Ronald Palmer	director, officer: President & CEO	6363 S FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Peter Toth	officer: EVP, Strategic Development	7900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Joshua Cage	officer: Interim Controller and CAO	6900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Robert D Atkinson	officer: EVP & COO	6363 S FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Philip Aiken	director	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Sally-anne Layman	director	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Mark David Ebel	officer: Interim Chief Legal Officer	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Natascha Viljoen	officer: EVP & COO	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Suzanne P Retallack	officer: CSSO	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Karyn F. Ovelmen	officer: EVP & CFO	STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Aaron Puna	officer: EVP & CTO	6900 E. LAYTON AVE., SUITE 700, DENVER CO 80237
Mark Casper	officer: Acting CTO	7900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Nancy Buese	officer: EVP & CFO	1515 ARAPAHOE STREET, DENVER CO 80202-2126
Stephen P Gottesfeld	officer: EVP and Chief S&EA Officer	6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Bruce R Brook	director	6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111