Harmony Gold Mining Company Ltd
JSE:HAR
ROE
Return on Equity
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
ROE Across Competitors
| Country | Company | Market Cap | ROE | ||
|---|---|---|---|---|---|
| ZA |
H
|
Harmony Gold Mining Company Ltd
JSE:HAR
|
158.9B Zac |
25%
|
|
| RU |
P
|
Polyus PJSC
LSE:PLZL
|
70.4T USD |
40%
|
|
| ZA |
G
|
Gold Fields Ltd
JSE:GFI
|
362.2B Zac |
26%
|
|
| CN |
|
Zijin Mining Group Co Ltd
SSE:601899
|
471.2B CNY |
28%
|
|
| CA |
|
Agnico Eagle Mines Ltd
TSX:AEM
|
81.3B CAD |
11%
|
|
| US |
|
Newmont Corporation
NYSE:NEM
|
59B USD |
17%
|
|
| CA |
|
Wheaton Precious Metals Corp
TSX:WPM
|
54B CAD |
9%
|
|
| CA |
|
Barrick Gold Corp
TSX:ABX
|
45.3B CAD |
10%
|
|
| CA |
|
Franco-Nevada Corp
TSX:FNV
|
44.5B CAD |
10%
|
|
| RU |
|
Polyus PAO
MOEX:PLZL
|
2.3T RUB |
113%
|
|
| ZA |
D
|
DRDGOLD Ltd
JSE:DRD
|
22.8B Zac |
24%
|
Harmony Gold Mining Company Ltd
Glance View
Harmony Gold Mining Company Ltd, an established fixture in the mining landscape, has its roots deeply embedded in South Africa's rich mineral wealth. As one of the significant players in the gold mining industry, Harmony has carved a niche for itself through its substantial portfolio of high-quality gold assets. The company operates a combination of both underground and surface operations, which include some of the world's most renowned gold deposits. The mining process at Harmony involves extracting gold from these deposits, processing it to ensure purity, and subsequently, refining it into a product that can be sold on international markets. This intricate journey from mineral-rich ore to polished gold bars is not only a technical feat but also a significant thrust of regional economic activity. Harmony's business model revolves around an intricate balance of efficient extraction methods, rigorous safety standards, and sustainable environmental practices. By emphasizing innovative technologies and community engagement, Harmony not only targets operational excellence but also ensures its long-term viability in a competitive global market. Revenue generation is primarily through the sale of refined gold, which is priced according to global market rates; thus, the company's financial trajectory is heavily influenced by these fluctuating gold prices. Harmony also invests in exploration and acquisition of new sites to ensure a steady pipeline of projects, continuously adapting its strategy to optimize production costs while safeguarding its workforce and ecological commitments. Through such strategies, Harmony Gold Mining Company translates the natural abundance of gold into tangible shareholder value, economic growth, and technological progress.
See Also
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
Based on Harmony Gold Mining Company Ltd's most recent financial statements, the company has ROE of 24.6%.
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