GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SilverCrest Mines Inc (AMEX:SVLC) » Definitions » ROE %

SilverCrest Mines (SilverCrest Mines) ROE % : 10.84% (As of Jun. 2015)


View and export this data going back to . Start your Free Trial

What is SilverCrest Mines ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. SilverCrest Mines's annualized net income for the quarter that ended in Jun. 2015 was $15.47 Mil. SilverCrest Mines's average Total Stockholders Equity over the quarter that ended in Jun. 2015 was $142.76 Mil. Therefore, SilverCrest Mines's annualized ROE % for the quarter that ended in Jun. 2015 was 10.84%.

The historical rank and industry rank for SilverCrest Mines's ROE % or its related term are showing as below:

SVLC's ROE % is not ranked *
in the Metals & Mining industry.
Industry Median: -16.005
* Ranked among companies with meaningful ROE % only.

SilverCrest Mines ROE % Historical Data

The historical data trend for SilverCrest Mines's ROE % 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.

SilverCrest Mines ROE % Chart

SilverCrest Mines Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,943.55 67.60 44.13 7.67 -1.19

SilverCrest Mines Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.73 0.68 -15.82 7.22 10.84

Competitive Comparison of SilverCrest Mines's ROE %

For the Gold subindustry, SilverCrest Mines's ROE %, along with its competitors' market caps and ROE % 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.


SilverCrest Mines's ROE % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, SilverCrest Mines's ROE % distribution charts can be found below:

* The bar in red indicates where SilverCrest Mines's ROE % falls into.



SilverCrest Mines ROE % Calculation

SilverCrest Mines's annualized ROE % for the fiscal year that ended in Dec. 2014 is calculated as

ROE %=Net Income (A: Dec. 2014 )/( (Total Stockholders Equity (A: Dec. 2013 )+Total Stockholders Equity (A: Dec. 2014 ))/ count )
=-1.516/( (117.134+137.726)/ 2 )
=-1.516/127.43
=-1.19 %

SilverCrest Mines's annualized ROE % for the quarter that ended in Jun. 2015 is calculated as

ROE %=Net Income (Q: Jun. 2015 )/( (Total Stockholders Equity (Q: Mar. 2015 )+Total Stockholders Equity (Q: Jun. 2015 ))/ count )
=15.468/( (140.643+144.872)/ 2 )
=15.468/142.7575
=10.84 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2015) net income data. ROE % is displayed in the 30-year financial page.


SilverCrest Mines  (AMEX:SVLC) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jun. 2015 )
=Net Income/Total Stockholders Equity
=15.468/142.7575
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(15.468 / 82.924)*(82.924 / 183.3765)*(183.3765 / 142.7575)
=Net Margin %*Asset Turnover*Equity Multiplier
=18.65 %*0.4522*1.2845
=ROA %*Equity Multiplier
=8.43 %*1.2845
=10.84 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2015 )
=Net Income/Total Stockholders Equity
=15.468/142.7575
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (15.468 / 20.452) * (20.452 / 21.324) * (21.324 / 82.924) * (82.924 / 183.3765) * (183.3765 / 142.7575)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7563 * 0.9591 * 25.72 % * 0.4522 * 1.2845
=10.84 %

Note: The net income data used here is four times the quarterly (Jun. 2015) net income data. The Revenue data used here is four times the quarterly (Jun. 2015) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


SilverCrest Mines ROE % Related Terms

Thank you for viewing the detailed overview of SilverCrest Mines's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


SilverCrest Mines (SilverCrest Mines) Business Description

Traded in Other Exchanges
N/A
Address
SilverCrest Mines Inc was incorporated on May 22, 1973 under the laws of Ontario as Equitable Mines Limited and changed its name to Magic Foods Inc. on July 24, 1985. The Company was continued on May 15, 1998 under the laws of British Columbia as "Lucre Ventures Ltd. The name of the Company was changed to "Strathclair Ventures Ltd." on September 5, 2001 and to "SilverCrest Mines Inc." on May 23, 2003. The Company is a Canadian precious metals producer with a silver and gold asset base and an operating mine located in Mexico. The Company's principal property is the 100% owned Santa Elena Project, which includes the Santa Elena Mine, located 150 kilometres northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The Santa Elena Mine is a high-grade, epithermal silver and gold deposit that is currently being operated as an open pit heap leach operation. The Company's other principal property is the La Joya Property in Durango state, Mexico which contains a large polymetallic deposit that is being explored with the aim of developing silver, copper, gold and tungsten resources. The Company also has a portfolio of other mineral properties, which comprise of the Cruz de Mayo Project (Mexico), the Ermitano Property (Mexico), the Silver Angel Project (Mexico) and the El Zapote Project (El Salvador).

SilverCrest Mines (SilverCrest Mines) Headlines

No Headlines