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Resurgere Mines & Minerals India (NSE:RMMIL) ROE % : -18.14% (As of Mar. 2018)


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What is Resurgere Mines & Minerals India ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Resurgere Mines & Minerals India's annualized net income for the quarter that ended in Mar. 2018 was ₹-579.85 Mil. Resurgere Mines & Minerals India's average Total Stockholders Equity over the quarter that ended in Mar. 2018 was ₹3,196.75 Mil. Therefore, Resurgere Mines & Minerals India's annualized ROE % for the quarter that ended in Mar. 2018 was -18.14%.

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

NSE:RMMIL's ROE % is not ranked *
in the Metals & Mining industry.
Industry Median: -15.74
* Ranked among companies with meaningful ROE % only.

Resurgere Mines & Minerals India ROE % Historical Data

The historical data trend for Resurgere Mines & Minerals India'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.

Resurgere Mines & Minerals India ROE % Chart

Resurgere Mines & Minerals India Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.87 -13.25 -18.06 -15.83 -18.14

Resurgere Mines & Minerals India Semi-Annual Data
Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -10.87 -13.25 -18.06 -15.83 -18.14

Competitive Comparison of Resurgere Mines & Minerals India's ROE %

For the Other Industrial Metals & Mining subindustry, Resurgere Mines & Minerals India'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.


Resurgere Mines & Minerals India's ROE % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Resurgere Mines & Minerals India's ROE % falls into.



Resurgere Mines & Minerals India ROE % Calculation

Resurgere Mines & Minerals India's annualized ROE % for the fiscal year that ended in Mar. 2018 is calculated as

ROE %=Net Income (A: Mar. 2018 )/( (Total Stockholders Equity (A: Mar. 2017 )+Total Stockholders Equity (A: Mar. 2018 ))/ count )
=-579.847/( (3468.438+2925.07)/ 2 )
=-579.847/3196.754
=-18.14 %

Resurgere Mines & Minerals India's annualized ROE % for the quarter that ended in Mar. 2018 is calculated as

ROE %=Net Income (Q: Mar. 2018 )/( (Total Stockholders Equity (Q: Mar. 2017 )+Total Stockholders Equity (Q: Mar. 2018 ))/ count )
=-579.847/( (3468.438+2925.07)/ 2 )
=-579.847/3196.754
=-18.14 %

* 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 one times the annual (Mar. 2018) net income data. ROE % is displayed in the 30-year financial page.


Resurgere Mines & Minerals India  (NSE:RMMIL) 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: Mar. 2018 )
=Net Income/Total Stockholders Equity
=-579.847/3196.754
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-579.847 / 0)*(0 / 8070.0085)*(8070.0085 / 3196.754)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*2.5244
=ROA %*Equity Multiplier
=N/A %*2.5244
=-18.14 %

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: Mar. 2018 )
=Net Income/Total Stockholders Equity
=-579.847/3196.754
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-579.847 / -579.847) * (-579.847 / -257.059) * (-257.059 / 0) * (0 / 8070.0085) * (8070.0085 / 3196.754)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 2.2557 * N/A % * 0 * 2.5244
=-18.14 %

Note: The net income data used here is one times the annual (Mar. 2018) net income data. The Revenue data used here is one times the annual (Mar. 2018) 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.


Resurgere Mines & Minerals India ROE % Related Terms

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Resurgere Mines & Minerals India (NSE:RMMIL) Business Description

Traded in Other Exchanges
N/A
Address
15, Morvi House, 28/30, Goa Street, Ballard Estate, 1st Floor, Mumbai, MH, IND, 400038
Resurgere Mines & Minerals India Ltd is engaged in extraction, processing, and sale of iron ore, bauxite and soapstone products and exploration & development of mining assets. The company's products portfolio consists of Lump Ore, Size Ore, Calibrated Lump Ore, Iron Ore Fines, and Bauxite. It operates two mines contracts, Iron Ore mine situated at Satarda and Bauxite mine situated at Mahalmiriya. It owns two mines, Soapstone mine situated at Dhelana in the state of Rajasthan and Bauxite mine situated at Yelwan Jugai, Maharashtra. Majority of the revenue is derived from its only segment Mining & Trading of Minerals.

Resurgere Mines & Minerals India (NSE:RMMIL) Headlines

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