Newmont Goldcorp Corp (NEM)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,348,000 | -1,213,000 | -1,977,000 | -2,675,000 | -2,494,000 | -831,000 | -776,000 | -544,000 | -447,000 | 284,000 | 74,000 | 337,000 | 448,000 | 2,036,000 | 2,872,000 | 2,566,000 | 2,829,000 | 2,570,000 | 3,909,000 | 3,540,000 |
| Total stockholders’ equity | US$ in thousands | 29,928,000 | 29,712,000 | 29,379,000 | 28,890,000 | 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 |
| ROE | 11.19% | -4.08% | -6.73% | -9.26% | -8.59% | -4.36% | -4.04% | -2.81% | -2.31% | 1.34% | 0.35% | 1.57% | 2.03% | 8.96% | 12.36% | 11.10% | 12.30% | 11.34% | 17.76% | 16.23% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,348,000K ÷ $29,928,000K
= 11.19%
Newmont Goldcorp Corp's return on equity (ROE) has shown a fluctuating trend over the past several quarters. As of December 31, 2024, the ROE stood at a positive 11.19%, indicating that the company generated a return of 11.19% on shareholder equity during that period. This marks a significant improvement from the negative ROE figures reported in the preceding quarters.
However, it is important to note that the ROE had dipped into negative territory from March 31, 2022, to September 30, 2024, reaching its lowest point of -9.26% as of March 31, 2024. These negative ROE values suggest that during these periods, the company's net income was insufficient to cover the shareholders' equity, resulting in a loss on equity.
The recent positive ROE figure of 11.19% as of December 31, 2024, indicates a potential turnaround in the company's profitability and efficiency in generating returns for its shareholders. It will be essential to monitor future ROE figures to assess the sustainability of this positive trend and the company's ability to effectively utilize its equity to generate profits.
See also:
Newmont Goldcorp Corp Return on Equity (ROE) (Quarterly Data)