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Rare Element Resources (Rare Element Resources) ROE % : -40.85% (As of Dec. 2023)


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What is Rare Element Resources ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Rare Element Resources's annualized net income for the quarter that ended in Dec. 2023 was $-3.62 Mil. Rare Element Resources's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $8.85 Mil. Therefore, Rare Element Resources's annualized ROE % for the quarter that ended in Dec. 2023 was -40.85%.

The historical rank and industry rank for Rare Element Resources's ROE % or its related term are showing as below:

REEMF' s ROE % Range Over the Past 10 Years
Min: -145.39   Med: -76.37   Max: -42.1
Current: -72.75

During the past 13 years, Rare Element Resources's highest ROE % was -42.10%. The lowest was -145.39%. And the median was -76.37%.

REEMF's ROE % is ranked worse than
79.87% of 2479 companies
in the Metals & Mining industry
Industry Median: -15.97 vs REEMF: -72.75

Rare Element Resources ROE % Historical Data

The historical data trend for Rare Element Resources'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.

Rare Element Resources ROE % Chart

Rare Element Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -50.68 -90.56 -42.10 -46.69 -70.91

Rare Element Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -63.84 -55.86 -80.73 -115.91 -40.85

Competitive Comparison of Rare Element Resources's ROE %

For the Other Industrial Metals & Mining subindustry, Rare Element Resources'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.


Rare Element Resources's ROE % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Rare Element Resources's ROE % falls into.



Rare Element Resources ROE % Calculation

Rare Element Resources'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 )
=-8.996/( (16.935+8.437)/ 2 )
=-8.996/12.686
=-70.91 %

Rare Element Resources'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 )
=-3.616/( (9.268+8.437)/ 2 )
=-3.616/8.8525
=-40.85 %

* 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.


Rare Element Resources  (OTCPK:REEMF) 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
=-3.616/8.8525
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.616 / 0)*(0 / 11.1145)*(11.1145 / 8.8525)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*1.2555
=ROA %*Equity Multiplier
=N/A %*1.2555
=-40.85 %

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
=-3.616/8.8525
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-3.616 / -3.616) * (-3.616 / -3.648) * (-3.648 / 0) * (0 / 11.1145) * (11.1145 / 8.8525)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.9912 * N/A % * 0 * 1.2555
=-40.85 %

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.


Rare Element Resources ROE % Related Terms

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


Rare Element Resources (Rare Element Resources) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 271049, Littleton, CO, USA, 80127
Rare Element Resources Ltd is a mineral resource company. It focuses on the exploration and development of rare-earth element deposits that carry a favorable distribution of critical rare earth. The company is advancing the development of the 100% owned Bear Lodge REE Project, located in northeast Wyoming.
Executives
Paul Joseph Hickey director 803 MYLAR PARK DRIVE, CHEYENNE WY 82009
Brent Berg officer: President and CEO 9384 EAST DIANNA DRIVE, GOLD CANYON AZ 85118
Nicole J. Champine director 7800 EAST DORADO PLACE, GREENWOOD VILLAGE CO 80111
Wayne Rich officer: Chief Financial Officer 600 SEVENTEENTH STREET, SUITE 2800 SOUTH, DENVER CO 80202
Lowell A Shonk director 225 UNION BLVD, SUITE 250, LAKEWOOD CO 80228
Randall John Scott officer: President and CEO C/O RARE ELEMENT RESOURCES LTD., 225 UNION BLVD SUITE 250, LAKEWOOD CO 80228
Paul John Schlauch director C/O RARE ELEMENT RESOURCES LTD., 225 UNION BLVD SUITE 250, LAKEWOOD CO 80228
Gerald W Grandey director 225 UNION BLVD, SUITE 250, LAKEWOOD CO 80228
Barton S Brundage director 11700 PINE CANYON POINT, PARKER CO 80138
Kenneth J. Mushinski director 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121
David I Roberts director 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121
General Atomic Technologies Corp 10 percent owner
Tenaya Corp 10 percent owner 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121
Ynchron 10 percent owner 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121
Norman William Burmeister director C/O RARE ELEMENT RESOURCES LTD., 255 UNION BLVD SUITE 250, LAKEWOOD CO 80228

Rare Element Resources (Rare Element Resources) Headlines