Name: Return on Equity (ROE)

Definition: ROE shows how much profit the company earns for its shareholders based on their invested equity. It’s one of the most watched profitability ratios. A consistently high ROE signals strong management and efficient use of shareholder capital. But artificially high ROE may sometimes be boosted by excessive debt.

Interpretation:
• In '2021', BTG's return on equity was 14.7%, measuring profitability for shareholders. Industry average for Precious Metals in '2021' stood at -12.8%.
• In '2022', BTG's return on equity was 8.6%, measuring profitability for shareholders. The decline from '2021' may indicate some operational or financial challenges. Industry average for Precious Metals in '2022' stood at -3.0%. Industry average increased by 9.8% compared to previous year.
• In '2023', BTG's return on equity was 0.3%, measuring profitability for shareholders. The decline from '2022' may indicate some operational or financial challenges. Industry average for Precious Metals in '2023' stood at -33.4%. Industry average declined by 30.4% from previous year.
• In '2024', BTG's return on equity was -18.5%, measuring profitability for shareholders. The decline from '2023' may indicate some operational or financial challenges. Industry average for Precious Metals in '2024' stood at 13.2%. Industry average increased by 46.6% compared to previous year.
Overall, BTG's return on equity has been volatile but showed a downward trend over the past 4 years.

Formula: ROE = Net Income / Shareholders' Equity

Good Range: 10%-20% desirable for many industries.