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Coeur Mining (Coeur Mining) ROE %

: -9.85% (As of Dec. 2023)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Coeur Mining's annualized net income for the quarter that ended in Dec. 2023 was $-102.0 Mil. Coeur Mining's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $1,036.1 Mil. Therefore, Coeur Mining's annualized ROE % for the quarter that ended in Dec. 2023 was -9.85%.

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

CDE' s ROE % Range Over the Past 10 Years
Min: -103.89   Med: -7.53   Max: 9.3
Current: -10.58

During the past 13 years, Coeur Mining's highest ROE % was 9.30%. The lowest was -103.89%. And the median was -7.53%.

CDE's ROE % is ranked better than
58.88% of 2483 companies
in the Metals & Mining industry
Industry Median: -16.01 vs CDE: -10.58

Coeur Mining ROE % Historical Data

The historical data trend for Coeur Mining'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.

Coeur Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -44.91 3.77 -4.19 -9.25 -10.83

Coeur Mining Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % 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 Premium Member Only Premium Member Only Premium Member Only 22.96 -10.72 -13.40 -8.29 -9.85

Competitive Comparison

For the Gold subindustry, Coeur Mining'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.


Coeur Mining ROE % Distribution

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

* The bar in red indicates where Coeur Mining's ROE % falls into.



Coeur Mining ROE % Calculation

Coeur Mining's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-103.612/( (889.016+1023.903)/ 2 )
=-103.612/956.4595
=-10.83 %

Coeur Mining's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=-102.02/( (1048.378+1023.903)/ 2 )
=-102.02/1036.1405
=-9.85 %

* 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 (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Coeur Mining  (NYSE:CDE) 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: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-102.02/1036.1405
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-102.02 / 1048.36)*(1048.36 / 2075.3)*(2075.3 / 1036.1405)
=Net Margin %*Asset Turnover*Equity Multiplier
=-9.73 %*0.5052*2.0029
=ROA %*Equity Multiplier
=-4.92 %*2.0029
=-9.85 %

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: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-102.02/1036.1405
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-102.02 / -68.08) * (-68.08 / -44.156) * (-44.156 / 1048.36) * (1048.36 / 2075.3) * (2075.3 / 1036.1405)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.4985 * 1.5418 * -4.21 % * 0.5052 * 2.0029
=-9.85 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


Coeur Mining ROE % Related Terms

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


Coeur Mining (Coeur Mining) Business Description

Address
104 South Michigan Avenue, Suite 900, Chicago, IL, USA, 60603
Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, Rochester, Wharf, and Kensington. Its projects are located in the United States, Canada and Mexico, and North America.
Executives
Kenneth J Watkinson officer: VP, Corporate Controller 104 S. MICHIGAN AVE., STE. 900, CHICAGO IL 60603
Paramita Das director 200 SOUTH WACKER DRIVE, SUITE 2100, CHICAGO IL 60606
Aoife Mcgrath officer: SVP, Exploration 104 S. MICHIGAN AVE., STE. 900, CHICAGO IL 60603
Robert E Mellor director, officer: Chairman (non-executive) SEVEN MADRONE AVE, KENTFIELD CA 94904
Michael Routledge officer: SVP & Chief Operating Officer 104 S. MICHIGAN AVE., STE. 900, CHICAGO IL 60603
J Kenneth Thompson director ALASKA AIR GROUP, 19300 PACIFIC HIGHWAY SOUTH, SEATTLE WA 98188
Randy Gress director 259 PROSPECT PLAINS ROAD, P O BOX 8000, CRANBURY NJ 08512-8000
Jeane L. Hull director 104 S. MICHIGAN AVE., STE. 900, CHICAGO IL 60603
Thomas S Whelan officer: SVP & CFO 104 S. MICHIGAN AVE., STE. 900, CHICAGO IL 60603
Mitchell J Krebs director, officer: President and CEO 1341 W FULLERTON AVE, STE 210, CHICAGO IL 60614
Hans John Rasmussen officer: SVP, Exploration 1002 MEDICINE MAN CLUSTER, MISSOULA MT 59808
Casey M. Nault officer: VP & General Counsel 505 FRONT AVENUE, P.O. BOX I, COEUR D'ALENE ID 83816
Terrence F. Smith officer: VP, North American Operations 104 S. MICHIGAN AVE., STE. 900, CHICAGO IL 60603
Brian E Sandoval director 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Sebastian Edwards director 9900 STELLBAR PLACE, LOS ANGELES CA 90064