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Stillwater Mining Co (Stillwater Mining Co) ROE % : 2.62% (As of Dec. 2016)


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What is Stillwater Mining Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Stillwater Mining Co's annualized net income for the quarter that ended in Dec. 2016 was $24.1 Mil. Stillwater Mining Co's average Total Stockholders Equity over the quarter that ended in Dec. 2016 was $918.3 Mil. Therefore, Stillwater Mining Co's annualized ROE % for the quarter that ended in Dec. 2016 was 2.62%.

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

SWC's ROE % is not ranked *
in the Metals & Mining industry.
Industry Median: -15.94
* Ranked among companies with meaningful ROE % only.

Stillwater Mining Co ROE % Historical Data

The historical data trend for Stillwater Mining Co'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.

Stillwater Mining Co ROE % Chart

Stillwater Mining Co Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.72 -28.31 8.07 -1.31 1.04

Stillwater Mining Co Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 1.95 -4.39 0.35 5.54 2.62

Competitive Comparison of Stillwater Mining Co's ROE %

For the Other Industrial Metals & Mining subindustry, Stillwater Mining Co'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.


Stillwater Mining Co's ROE % Distribution in the Metals & Mining Industry

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

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



Stillwater Mining Co ROE % Calculation

Stillwater Mining Co's annualized ROE % for the fiscal year that ended in Dec. 2016 is calculated as

ROE %=Net Income (A: Dec. 2016 )/( (Total Stockholders Equity (A: Dec. 2015 )+Total Stockholders Equity (A: Dec. 2016 ))/ count )
=9.473/( (909.229+920.846)/ 2 )
=9.473/915.0375
=1.04 %

Stillwater Mining Co's annualized ROE % for the quarter that ended in Dec. 2016 is calculated as

ROE %=Net Income (Q: Dec. 2016 )/( (Total Stockholders Equity (Q: Sep. 2016 )+Total Stockholders Equity (Q: Dec. 2016 ))/ count )
=24.084/( (915.718+920.846)/ 2 )
=24.084/918.282
=2.62 %

* 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. 2016) net income data. ROE % is displayed in the 30-year financial page.


Stillwater Mining Co  (NYSE:SWC) 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. 2016 )
=Net Income/Total Stockholders Equity
=24.084/918.282
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(24.084 / 861.588)*(861.588 / 1317.4735)*(1317.4735 / 918.282)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.8 %*0.654*1.4347
=ROA %*Equity Multiplier
=1.83 %*1.4347
=2.62 %

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. 2016 )
=Net Income/Total Stockholders Equity
=24.084/918.282
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (24.084 / 29.336) * (29.336 / 42.812) * (42.812 / 861.588) * (861.588 / 1317.4735) * (1317.4735 / 918.282)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.821 * 0.6852 * 4.97 % * 0.654 * 1.4347
=2.62 %

Note: The net income data used here is four times the quarterly (Dec. 2016) net income data. The Revenue data used here is four times the quarterly (Dec. 2016) 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.


Stillwater Mining Co ROE % Related Terms

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


Stillwater Mining Co (Stillwater Mining Co) Business Description

Traded in Other Exchanges
N/A
Address
Stillwater Mining Company is the only platinum-group metals miner in the United States, and one of the producers outside of South Africa and the Russian Federation. The company is engaged in the development, extraction, and processing of platinum-group metals from a geological formation in south-central Montana known as the J-M Reef. Platinum-group metals are rare precious metals used in a wide variety of applications, including automobile catalysts, fuel cells, hydrogen purification, electronics, jewellery, dentistry, medicine, and coinage. The company also recycles the metals from catalytic converters and other industrial sources. It has Mine production, PGM recycling, Canadian properties, South American properties and All other. Mine production segment engages in the development, extraction, processing and refining of PGMs. The PGM catalyst segment recycles spent catalyst material to recover PGM contained in the material. The Canadian properties segment consists primarily marathon mineral property assets. The exploration stage Marathon mineral properties include PGM and copper deposit located near town of Marathon and Ontario and properties adjacent to Marathon. The South American properties segment includes Peregrine metals Ltd assets. All other segment covers assets including investments, revenues, expenses of corporate and support functions.
Executives
Patrice E Merrin director 92 BIRCH AVENUE, TORONTO A6 M4V1C8
George M Bee director 30 OLD MILL ROAD, SUITE 806, ETOBICOKE A6 M8X 0A5
Kevin G Shiell officer: Vice President STILLWATER MINING COMPANY, 1321 DISCOVERY DRIVE, BILLINGS MT 59102
Patrick M James other: Former Director C/O STILLWATER MINING COMPANY, 1321 DISCOVERY DRIVE, BILLINGS MT 59102
Sheryl K Pressler other: Former Director 5085 HAVEN COURT, ATLANTA GA 30342
Francis R Mcallister officer: Chief Executive Officer STILLWATER MINING COMPANY, 1321 DISCOVERY DRIVE, BILLINGS MT 59102
Platinum Investment Management Ltd 10 percent owner C/O PLATINUM ASSET MANAGEMENT, LEVEL 8, 7 MACQUARIE PLACE, SYDNEY AUSTRALIA 2000 C3 00000
Norlisk Nickel Mmc 10 percent owner VOZNESENSKY PEREULOK, 22 USADBA CENTER MOSCOW, RUSSIA 1Z 0000
Norilsk Holdings Sa 10 percent owner 50 RUE DU RHONE 1204, GENEVE, SWITZERLAND V8 0000
Riegle Donald W Jr other: Former Director WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Mcguire Michael E Jr other: Former Director 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Vladimir O Potanin 10 percent owner 9 BOLSHAYA YAKIMANKA STREET, MOSCOW RUSSIA 1Z 0000
Mikhail D Prokhorov 10 percent owner VOZNESENSKY PEREULOK, 22 USADBA CENTER, MOSCOW RUSSIA 1Z 0000
Stephen A Lang officer: Executive Vice President 1 UNIVERSITY AVENUE, SUITE 1500, TORONTO A6 M5J 2P1
Jack Edward Thompson director ONE NORTH CENTRAL AVE, PHOENIX AZ 85004

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