Newmont Net Income vs Cost of Revenue Analysis

NEM Stock  USD 35.25  1.25  3.68%   
Newmont Goldcorp financial indicator trend analysis is infinitely more than just investigating Newmont Goldcorp Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newmont Goldcorp Corp is a good investment. Please check the relationship between Newmont Goldcorp Net Income and its Cost Of Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Net Income vs Cost Of Revenue

Net Income vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Newmont Goldcorp Corp Net Income account and Cost of Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Newmont Goldcorp's Net Income and Cost of Revenue is -0.36. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of Newmont Goldcorp Corp, assuming nothing else is changed. The correlation between historical values of Newmont Goldcorp's Net Income and Cost of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Newmont Goldcorp Corp are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Net Income i.e., Newmont Goldcorp's Net Income and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

-0.36
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Newmont Goldcorp Corp financial statement analysis. It represents the amount of money remaining after all of Newmont Goldcorp Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cost Of Revenue

Cost of Revenue is found on Newmont Goldcorp Corp income statement and represents the costs associated with goods and services Newmont Goldcorp provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Newmont Goldcorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newmont Goldcorp Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
At this time, Newmont Goldcorp's Discontinued Operations is very stable compared to the past year. As of the 28th of March 2024, Tax Provision is likely to grow to about 753.3 M, while Selling General Administrative is likely to drop about 217.5 M.
 2021 2022 2023 2024 (projected)
Gross Profit4.5B3.3B1.2B1.9B
Total Revenue12.2B11.9B11.8B12.4B

Newmont Goldcorp fundamental ratios Correlations

0.910.850.880.990.990.65-0.340.361.00.040.390.580.930.980.810.320.960.990.890.660.920.970.910.380.58
0.910.820.830.850.90.82-0.370.250.910.340.260.580.830.90.860.430.850.910.830.620.90.870.720.290.76
0.850.820.820.830.880.71-0.640.090.87-0.110.130.490.740.880.610.450.890.890.610.730.810.880.830.210.43
0.880.830.820.850.90.73-0.440.070.890.040.080.860.720.810.710.370.850.880.710.860.950.840.680.250.4
0.990.850.830.850.990.56-0.330.410.99-0.080.440.530.940.970.770.240.970.980.880.640.880.980.940.410.5
0.990.90.880.90.990.67-0.420.291.0-0.030.320.60.910.980.810.280.980.990.840.70.940.980.910.310.53
0.650.820.710.730.560.67-0.45-0.330.680.3-0.310.660.440.630.70.450.60.670.410.570.80.590.4-0.120.62
-0.34-0.37-0.64-0.44-0.33-0.42-0.450.24-0.380.270.25-0.29-0.22-0.37-0.270.02-0.54-0.4-0.04-0.7-0.42-0.5-0.390.290.06
0.360.250.090.070.410.29-0.330.240.310.190.99-0.20.60.380.220.050.320.320.67-0.050.080.360.450.70.35
1.00.910.870.890.991.00.68-0.380.310.00.340.60.910.980.80.320.971.00.860.680.930.980.910.340.56
0.040.34-0.110.04-0.08-0.030.30.270.190.00.170.160.090.020.270.38-0.150.030.27-0.190.15-0.1-0.240.060.7
0.390.260.130.080.440.32-0.310.250.990.340.17-0.210.640.420.230.090.340.360.69-0.070.110.380.490.710.37
0.580.580.490.860.530.60.66-0.29-0.20.60.16-0.210.360.470.450.290.520.570.420.770.770.510.290.020.2
0.930.830.740.720.940.910.44-0.220.60.910.090.640.360.950.730.310.890.930.950.480.790.920.910.460.59
0.980.90.880.810.970.980.63-0.370.380.980.020.420.470.950.80.330.960.990.870.580.880.970.950.330.6
0.810.860.610.710.770.810.7-0.270.220.80.270.230.450.730.80.050.750.80.750.440.840.770.660.210.68
0.320.430.450.370.240.280.450.020.050.320.380.090.290.310.330.050.210.350.330.170.330.220.160.130.52
0.960.850.890.850.970.980.6-0.540.320.97-0.150.340.520.890.960.750.210.970.790.740.871.00.940.310.43
0.990.910.890.880.980.990.67-0.40.321.00.030.360.570.930.990.80.350.970.860.670.930.980.920.320.57
0.890.830.610.710.880.840.41-0.040.670.860.270.690.420.950.870.750.330.790.860.430.760.830.780.570.65
0.660.620.730.860.640.70.57-0.7-0.050.68-0.19-0.070.770.480.580.440.170.740.670.430.720.710.520.130.06
0.920.90.810.950.880.940.8-0.420.080.930.150.110.770.790.880.840.330.870.930.760.720.880.740.160.55
0.970.870.880.840.980.980.59-0.50.360.98-0.10.380.510.920.970.770.221.00.980.830.710.880.940.320.47
0.910.720.830.680.940.910.4-0.390.450.91-0.240.490.290.910.950.660.160.940.920.780.520.740.940.350.39
0.380.290.210.250.410.31-0.120.290.70.340.060.710.020.460.330.210.130.310.320.570.130.160.320.350.29
0.580.760.430.40.50.530.620.060.350.560.70.370.20.590.60.680.520.430.570.650.060.550.470.390.29
Click cells to compare fundamentals

Newmont Goldcorp Account Relationship Matchups

Newmont Goldcorp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets40.0B41.4B40.6B38.5B55.5B58.3B
Short Long Term Debt Total6.8B6.7B6.3B6.1B9.6B10.0B
Other Current Liab1.2B1.2B1.2B2.0B2.9B3.0B
Total Current Liabilities2.4B3.4B2.7B2.9B6.0B6.3B
Total Stockholder Equity21.4B23.0B22.0B19.4B29.0B30.5B
Property Plant And Equipment Net25.3B24.3B24.1B24.1B37.6B39.4B
Net Debt4.6B1.2B1.3B3.3B6.5B6.9B
Retained Earnings2.3B4.0B3.1B916M(3.0B)(2.8B)
Cash2.2B5.5B5.0B2.9B3.0B1.5B
Non Current Assets Total33.7B32.9B32.9B32.0B48.0B50.4B
Non Currrent Assets Other2.0B2.3B2.5B2.5B2.5B1.7B
Cash And Short Term Investments2.5B5.8B5.1B3.8B3.0B1.6B
Net Receivables373M449M337M366M1.2B1.3B
Common Stock Shares Outstanding737M806M801M795M841M883.1M
Liabilities And Stockholders Equity40.0B41.4B40.6B38.5B55.5B58.3B
Non Current Liabilities Total15.2B14.1B16.0B16.0B20.3B21.3B
Inventory1.8B1.8B1.8B1.8B2.6B2.8B
Other Current Assets570M436M498M639M607M323.0M
Other Stockholder Equity18.1B17.9B17.8B17.1B30.2B31.7B
Total Liab17.6B17.5B18.7B18.9B26.3B27.6B
Total Current Assets6.3B8.5B7.7B6.5B7.5B7.9B
Short Term Debt100M657M193M96M2.1B2.2B
Accounts Payable539M493M518M633M960M1.0B
Common Stock1.3B1.3B1.3B1.3B1.9B1.9B
Other Liab8.4B8.1B9.9B9.9B11.4B12.0B
Other Assets2.4B28.9B7.1B7.2B8.2B4.7B
Long Term Debt6.1B5.5B5.6B5.6B7.0B4.3B
Short Term Investments237M290M82M880M23M21.9M
Property Plant Equipment25.3B1.7B1.8B1.7B2.0B1.9B
Current Deferred Revenue523M1.0B770M173M88M83.6M
Accumulated Other Comprehensive Income(265M)(216M)(133M)29M14M13.3M
Common Stock Total Equity1.3B1.3B1.3B1.3B1.5B935.4M
Property Plant And Equipment Gross25.3B24.3B40.1B42.2B57.6B60.5B
Net Tangible Assets18.8B20.3B19.3B17.4B20.0B14.9B
Noncontrolling Interest In Consolidated Entity950M837M(209M)179M161.1M153.0M
Retained Earnings Total Equity2.3B4.0B3.1B916M824.4M1.6B
Long Term Debt Total6.1B6.0B6.1B6.0B6.9B5.9B
Capital Surpluse18.2B18.1B18.0B17.4B20.0B12.6B

Newmont Goldcorp Investors Sentiment

The influence of Newmont Goldcorp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Newmont. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Newmont Goldcorp's public news can be used to forecast risks associated with an investment in Newmont. The trend in average sentiment can be used to explain how an investor holding Newmont can time the market purely based on public headlines and social activities around Newmont Goldcorp Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Newmont Goldcorp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Newmont Goldcorp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Newmont Goldcorp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Newmont Goldcorp.

Newmont Goldcorp Implied Volatility

    
  55.18  
Newmont Goldcorp's implied volatility exposes the market's sentiment of Newmont Goldcorp Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Newmont Goldcorp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Newmont Goldcorp stock will not fluctuate a lot when Newmont Goldcorp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Newmont Goldcorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Newmont Goldcorp's short interest history, or implied volatility extrapolated from Newmont Goldcorp options trading.

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When determining whether Newmont Goldcorp Corp is a strong investment it is important to analyze Newmont Goldcorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Newmont Goldcorp's future performance. For an informed investment choice regarding Newmont Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Newmont Goldcorp Corp information on this page should be used as a complementary analysis to other Newmont Goldcorp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for Newmont Stock analysis

When running Newmont Goldcorp's price analysis, check to measure Newmont Goldcorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newmont Goldcorp is operating at the current time. Most of Newmont Goldcorp's value examination focuses on studying past and present price action to predict the probability of Newmont Goldcorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newmont Goldcorp's price. Additionally, you may evaluate how the addition of Newmont Goldcorp to your portfolios can decrease your overall portfolio volatility.
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Is Newmont Goldcorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Newmont Goldcorp. If investors know Newmont will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Newmont Goldcorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.26)
Dividend Share
1.45
Earnings Share
(3.00)
Revenue Per Share
14.045
Quarterly Revenue Growth
0.237
The market value of Newmont Goldcorp Corp is measured differently than its book value, which is the value of Newmont that is recorded on the company's balance sheet. Investors also form their own opinion of Newmont Goldcorp's value that differs from its market value or its book value, called intrinsic value, which is Newmont Goldcorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Newmont Goldcorp's market value can be influenced by many factors that don't directly affect Newmont Goldcorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Newmont Goldcorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newmont Goldcorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newmont Goldcorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.