Newmont Goldcorp Corp (NEM)

Return on equity (ROE)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	-2,494,000	-813,000	-758,000	-526,000	-429,000	1,002,000	792,000	1,055,000	1,166,000	2,036,000	2,872,000	2,566,000	2,829,000	2,570,000	3,909,000	3,540,000	2,805,000	2,242,000	-81,000	236,000
Total stockholders’ equity	US$ in thousands	29,027,000	19,074,000	19,225,000	19,377,000	19,354,000	21,219,000	21,421,000	21,449,000	22,022,000	22,712,000	23,239,000	23,127,000	23,008,000	22,661,000	22,004,000	21,806,000	21,420,000	21,430,000	19,354,000	10,499,000
ROE		-8.59%	-4.26%	-3.94%	-2.71%	-2.22%	4.72%	3.70%	4.92%	5.29%	8.96%	12.36%	11.10%	12.30%	11.34%	17.76%	16.23%	13.10%	10.46%	-0.42%	2.25%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-2,494,000K ÷ $29,027,000K
= -8.59%

Newmont Corp's return on equity (ROE) has been inconsistent over the past eight quarters, ranging from a low of -8.59% in Q4 2023 to a high of 4.92% in Q1 2022. The negative ROE figures in recent quarters indicate that the company's net income may not be generating a satisfactory return in relation to its shareholder equity. This could be a concerning trend for investors as it suggests a lack of efficiency in utilizing shareholder funds to generate profits. It is important for Newmont Corp to address the factors contributing to the declining ROE and implement strategies to improve efficiency and profitability in order to enhance shareholder value.

Newmont Goldcorp Corp (NEM)

Return on equity (ROE)

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