Newmont Research Development vs Selling General Administrative Analysis

0R28 Stock   38.42  0.07  0.18%   
Newmont Corp financial indicator trend analysis is infinitely more than just investigating Newmont Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newmont Corp is a good investment. Please check the relationship between Newmont Corp Research Development and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Newmont Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Research Development vs Selling General Administrative

Research Development vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Newmont Corp Research Development account and Selling General Administrative. At this time, the significance of the direction appears to have weak relationship.
The correlation between Newmont Corp's Research Development and Selling General Administrative is 0.37. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Newmont Corp, assuming nothing else is changed. The correlation between historical values of Newmont Corp's Research Development and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Newmont Corp are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Research Development i.e., Newmont Corp's Research Development and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.37
Relationship DirectionPositive 
Relationship StrengthVery Weak

Research Development

Selling General Administrative

Most indicators from Newmont Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newmont 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Newmont Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Discontinued Operations is likely to gain to about 36.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 221.3 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue12.2B11.9B11.8B12.4B
Depreciation And Amortization4.2B3.1B2.1B2.2B

Newmont Corp fundamental ratios Correlations

0.910.820.880.990.990.65-0.340.361.00.040.390.590.930.980.810.390.960.990.890.680.920.970.21-0.080.54
0.910.810.830.850.890.81-0.360.260.90.350.270.720.830.90.860.410.850.910.830.630.880.860.07-0.10.26
0.820.810.930.760.820.81-0.26-0.050.830.24-0.010.80.650.760.730.30.720.830.670.630.950.720.130.220.27
0.880.830.930.850.90.73-0.440.070.890.040.080.780.720.810.710.140.850.880.710.850.960.840.030.040.4
0.990.850.760.850.990.55-0.330.410.99-0.080.430.510.940.970.770.360.970.980.880.670.880.980.22-0.10.62
0.990.890.820.90.990.67-0.420.291.0-0.030.320.60.910.980.810.360.980.990.840.720.930.980.19-0.130.57
0.650.810.810.730.550.67-0.44-0.330.670.32-0.310.80.430.620.70.430.590.670.40.550.780.58-0.03-0.10.13
-0.34-0.36-0.26-0.44-0.33-0.42-0.440.24-0.380.270.25-0.41-0.22-0.37-0.270.2-0.54-0.4-0.04-0.71-0.42-0.50.170.69-0.24
0.360.26-0.050.070.410.29-0.330.240.310.180.99-0.180.60.380.220.050.320.320.670.00.080.360.210.050.12
1.00.90.830.890.991.00.67-0.380.310.00.330.60.910.980.80.390.971.00.860.70.930.980.2-0.110.57
0.040.350.240.04-0.08-0.030.320.270.180.00.170.270.10.030.270.27-0.140.030.27-0.220.12-0.1-0.020.37-0.69
0.390.27-0.010.080.430.32-0.310.250.990.330.17-0.190.640.420.230.090.340.360.69-0.030.110.380.360.040.15
0.590.720.80.780.510.60.8-0.41-0.180.60.27-0.190.370.530.630.00.540.610.450.640.750.53-0.190.060.1
0.930.830.650.720.940.910.43-0.220.60.910.10.640.370.950.730.370.890.930.950.510.780.920.36-0.090.43
0.980.90.760.810.970.980.62-0.370.380.980.030.420.530.950.80.40.960.990.870.610.880.970.29-0.190.56
0.810.860.730.710.770.810.7-0.270.220.80.270.230.630.730.80.310.750.80.750.490.830.770.070.090.25
0.390.410.30.140.360.360.430.20.050.390.270.090.00.370.40.310.280.360.33-0.130.270.30.240.060.16
0.960.850.720.850.970.980.59-0.540.320.97-0.140.340.540.890.960.750.280.970.790.770.871.00.15-0.280.62
0.990.910.830.880.980.990.67-0.40.321.00.030.360.610.930.990.80.360.970.860.690.930.980.24-0.150.54
0.890.830.670.710.880.840.4-0.040.670.860.270.690.450.950.870.750.330.790.860.460.760.830.260.140.29
0.680.630.630.850.670.720.55-0.710.00.7-0.22-0.030.640.510.610.49-0.130.770.690.460.720.74-0.23-0.280.42
0.920.880.950.960.880.930.78-0.420.080.930.120.110.750.780.880.830.270.870.930.760.720.880.140.060.38
0.970.860.720.840.980.980.58-0.50.360.98-0.10.380.530.920.970.770.31.00.980.830.740.880.19-0.250.58
0.210.070.130.030.220.19-0.030.170.210.2-0.020.36-0.190.360.290.070.240.150.240.26-0.230.140.19-0.080.2
-0.08-0.10.220.04-0.1-0.13-0.10.690.05-0.110.370.040.06-0.09-0.190.090.06-0.28-0.150.14-0.280.06-0.25-0.08-0.36
0.540.260.270.40.620.570.13-0.240.120.57-0.690.150.10.430.560.250.160.620.540.290.420.380.580.2-0.36
Click cells to compare fundamentals

Newmont Corp Account Relationship Matchups

Newmont Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets40.0B41.4B40.6B38.5B55.5B58.3B
Short Long Term Debt Total6.8B6.7B6.3B6.1B9.4B9.9B
Other Current Liab1.6B1.4B1.6B2.0B2.9B3.1B
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 Debt4.6B1.2B1.3B3.3B6.4B6.8B
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 Assets1.6B436M498M639M618M348.3M
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 Debt128M780M193M96M2.0B2.1B
Accounts Payable539M493M518M633M960M1.0B
Common Stock1.3B1.3B1.3B1.3B1.9B1.9B
Short Term Investments237M290M82M880M23M21.9M
Current Deferred Revenue523M1.0B770M173M88M83.6M
Accumulated Other Comprehensive Income(265M)(216M)(133M)29M14M13.3M
Other Assets2.6B2.6B2.7B2.6B2.4B3.1B
Long Term Debt4.0B3.4B6.1B5.5B6.3B5.1B
Capital Surpluse9.6B9.6B18.2B18.1B20.8B14.3B
Property Plant Equipment25.3B24.3B24.1B24.1B27.7B21.1B
Other Liab8.4B8.1B9.9B9.9B11.4B8.0B
Net Tangible Assets18.7B20.2B19.3B17.4B20.0B17.7B

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