The historical rank and industry rank for Sable Exploration And Mining's ROE % or its related term are showing as below:
JSE:SXM's ROE % is not ranked *
in the Metals & Mining industry.
Industry Median: -16.02 * Ranked among companies with meaningful ROE % only.
Sable Exploration And Mining (JSE:SXM) 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:
Note:
The net income data used here is two times the semi-annual (Aug. 2024) net income data. The Revenue data used here is two times the semi-annual (Aug. 2024) 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.
Sable Exploration And Mining ROE % Related Terms
Sable Exploration And Mining ROE % Historical Data
* 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.
For the Other Precious Metals & Mining subindustry, Sable Exploration And 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.
Sable Exploration And Mining ROE % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sable Exploration And Mining's ROE % distribution charts can be found below:
* The bar in red indicates where Sable Exploration And Mining's ROE % falls into.
* 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 two times the semi-annual (Aug. 2024) net income data.
ROE % is displayed in the 30-year financial page.
Sable Exploration And Mining (JSE:SXM) has a ROE % of -330.04% as of Aug. 2024. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Sable Exploration And Mining and its competitors.
Is Sable Exploration And Mining's ROE % too high?
Sable Exploration And Mining's current ROE % is -330.04%.
How does Sable Exploration And Mining's ROE % compare to HL?
Sable Exploration And Mining's ROE % of -330.04% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Metals & Mining company?
A good ROE % depends on the Metals & Mining industry context. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Sable Exploration And Mining and its competitors. Sable Exploration And Mining's current ROE % is -330.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sable Exploration And Mining stock overvalued right now?
Sable Exploration And Mining (JSE:SXM) has a current ROE % of -330.04%. The current ROE % is -330.04%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Sable Exploration And Mining (JSE:SXM), the current ROE % is -330.04% as of Aug. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Sable Exploration And Mining Ltd is an investment and management company with trading subsidiaries engaged in the exploration, prospecting, development and mining of mineral resources.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:SXM has been successfully added to your 