Return on Equity (ROE)
since 2005
Calculation
Newmont Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to Newmont stockholders1 | ÷ | Newmont stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | -8.59% | = | 100 | × | (2,494) | ÷ | 29,027) |
| Dec 31, 2022 | -2.22% | = | 100 | × | (429) | ÷ | 19,354) |
| Dec 31, 2021 | 5.29% | = | 100 | × | 1,166) | ÷ | 22,022) |
| Dec 31, 2020 | 12.30% | = | 100 | × | 2,829) | ÷ | 23,008) |
| Dec 31, 2019 | 13.10% | = | 100 | × | 2,805) | ÷ | 21,420) |
| Dec 31, 2018 | 3.25% | = | 100 | × | 341) | ÷ | 10,502) |
| Dec 31, 2017 | -0.92% | = | 100 | × | (98) | ÷ | 10,609) |
| Dec 31, 2016 | -5.85% | = | 100 | × | (627) | ÷ | 10,721) |
| Dec 31, 2015 | 1.94% | = | 100 | × | 220) | ÷ | 11,350) |
| Dec 31, 2014 | 4.94% | = | 100 | × | 508) | ÷ | 10,274) |
| Dec 31, 2013 | -24.28% | = | 100 | × | (2,462) | ÷ | 10,141) |
| Dec 31, 2012 | 13.13% | = | 100 | × | 1,809) | ÷ | 13,773) |
| Dec 31, 2011 | 2.84% | = | 100 | × | 366) | ÷ | 12,896) |
| Dec 31, 2010 | 17.06% | = | 100 | × | 2,277) | ÷ | 13,345) |
| Dec 31, 2009 | 12.12% | = | 100 | × | 1,297) | ÷ | 10,703) |
| Dec 31, 2008 | 12.01% | = | 100 | × | 853) | ÷ | 7,102) |
| Dec 31, 2007 | -24.99% | = | 100 | × | (1,886) | ÷ | 7,548) |
| Dec 31, 2006 | 8.47% | = | 100 | × | 791) | ÷ | 9,337) |
| Dec 31, 2005 | 3.84% | = | 100 | × | 322) | ÷ | 8,376) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The data reveals significant fluctuations in key financial metrics over the reporting period. The net income attributable to stockholders demonstrates considerable volatility, with multiple instances of net losses and gains. Notably, large negative figures are recorded in certain years, contrasting with robust positive earnings in others, indicating variable profitability and possibly the influence of extraordinary factors.
Stockholders’ equity shows a generally upward trend despite interruptions. It increased steadily during much of the period, suggesting retained earnings, capital injections, or asset revaluations, with notable growth in recent years. However, some declines are also observed, indicating periods of value erosion or dividend distributions exceeding earnings.
Return on equity (ROE) parallels the fluctuations in net income, given its dependence on net income and equity. The metric oscillates significantly, with both strong positive returns and negative figures, reflecting inconsistent profitability relative to the equity base. Peaks in ROE coincide with years of high net income, while negative ROE corresponds with net losses, illustrating the impact of earnings volatility on shareholder returns.
- Net Income (Loss) Trend
- The measure depicts substantial instability, with sharp shifts from positive millions to severe losses. Early years showed moderate income, followed by periods of large declines and recoveries. Recent years continue this pattern, underscoring the company's variable earnings performance.
- Stockholders’ Equity Trend
- Equity increased from approximately 8.4 billion to nearly 29 billion over the span, despite intermittent decreases. The upward trend indicates accumulated value creation over time, though some contractions indicate episodes of financial pressure or capital reallocation.
- Return on Equity Behavior
- ROE reflects the income volatility, with values ranging from around 17% down to -25%. Positive spikes suggest effective capital use during profitable years, whereas negative returns reflect losses impacting capital efficiency.
Comparison to Competitors
Newmont Corp., ROE, long-term trends, comparison to competitors
| Newmont Corp. | Freeport-McMoRan Inc. | |
|---|---|---|
| Dec 31, 2023 | -8.59% | 11.07% |
| Dec 31, 2022 | -2.22% | 22.30% |
| Dec 31, 2021 | 5.29% | 30.80% |
| Dec 31, 2020 | 12.30% | 5.89% |
| Dec 31, 2019 | 13.10% | -2.57% |
| Dec 31, 2018 | 3.25% | 26.56% |
| Dec 31, 2017 | -0.92% | 22.78% |
| Dec 31, 2016 | -5.85% | -68.65% |
| Dec 31, 2015 | 1.94% | -156.31% |
| Dec 31, 2014 | 4.94% | -7.15% |
| Dec 31, 2013 | -24.28% | 12.70% |
| Dec 31, 2012 | 13.13% | 17.33% |
| Dec 31, 2011 | 2.84% | 29.15% |
| Dec 31, 2010 | 17.06% | 34.68% |
| Dec 31, 2009 | 12.12% | 30.15% |
| Dec 31, 2008 | 12.01% | -191.70% |
| Dec 31, 2007 | -24.99% | 16.33% |
| Dec 31, 2006 | 8.47% | 59.57% |
| Dec 31, 2005 | 3.84% | 54.00% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Materials)
Newmont Corp., ROE, long-term trends, comparison to industry (materials)
| Newmont Corp. | Materials | |
|---|---|---|
| Dec 31, 2023 | -8.59% | 17.36% |
| Dec 31, 2022 | -2.22% | 16.42% |
| Dec 31, 2021 | 5.29% | 16.54% |
| Dec 31, 2020 | 12.30% | 8.40% |
| Dec 31, 2019 | 13.10% | 5.74% |
| Dec 31, 2018 | 3.25% | 12.42% |
| Dec 31, 2017 | -0.92% | 27.34% |
| Dec 31, 2016 | -5.85% | -11.75% |
| Dec 31, 2015 | 1.94% | -73.64% |
| Dec 31, 2014 | 4.94% | 5.03% |
| Dec 31, 2013 | -24.28% | 17.62% |
| Dec 31, 2012 | 13.13% | 21.12% |
| Dec 31, 2011 | 2.84% | 29.47% |
| Dec 31, 2010 | 17.06% | 30.11% |
| Dec 31, 2009 | 12.12% | 27.87% |
| Dec 31, 2008 | 12.01% | -82.36% |
| Dec 31, 2007 | -24.99% | 18.96% |
| Dec 31, 2006 | 8.47% | 33.59% |
| Dec 31, 2005 | 3.84% | 29.22% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).