Akora Resources Ltd Ret. on assets
What is the Ret. on assets of Akora Resources Ltd?
The Ret. on assets of Akora Resources Ltd is -8.32%
What is the definition of Ret. on assets?
Return on assets indicates how profitable a company’s assets are in generating revenue. It is computed by dividing net income by average total assets.
ttm (trailing twelve months)
The return on assets (ROA) tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. It's a useful number for comparing competing companies in the same industry. The number will vary widely across different industries. Return on assets gives an indication of the capital intensity of the company, which will depend on the industry; companies that require large initial investments will generally have lower return on assets. ROAs over 5% are generally considered good.
Ret. on assets of companies in the Materials sector on ASX compared to Akora Resources Ltd
What does Akora Resources Ltd do?
Akora Resources Limited engages in the exploration and development of iron ore projects in Madagascar. Its flagship project is the Bekisopa property that consists of three granted research permits and one granted small scale mining permit covering 93.5 square kilometers located in south central Madagascar. The company was formerly known as Indian Pacific Resources Limited. Akora Resources Limited was incorporated in 2009 and is based in Carlton North, Australia.
Companies with ret. on assets similar to Akora Resources Ltd
- Aurcana has Ret. on assets of -8.34%
- Falcon Capital Acquisition has Ret. on assets of -8.34%
- IR Resources has Ret. on assets of -8.34%
- Digital China has Ret. on assets of -8.33%
- European Metals has Ret. on assets of -8.33%
- Lefroy Exploration has Ret. on assets of -8.33%
- Akora Resources Ltd has Ret. on assets of -8.32%
- Coveo Solutions has Ret. on assets of -8.32%
- Silver Tide Ltd has Ret. on assets of -8.32%
- BlackRock Muni Quality Fund II Inc has Ret. on assets of -8.31%
- NewOrigin Gold has Ret. on assets of -8.31%
- Thing On Enterprise has Ret. on assets of -8.31%
- Indivior PLC has Ret. on assets of -8.30%