Akora Resources Ltd Ret. on equity
What is the Ret. on equity of Akora Resources Ltd?
The Ret. on equity of Akora Resources Ltd is -13.65%
What is the definition of Ret. on equity?
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Ret. on equity 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 equity similar to Akora Resources Ltd
- Thesis Gold has Ret. on equity of -13.66%
- Ridgeline Minerals has Ret. on equity of -13.66%
- Troc De L'ile Sa has Ret. on equity of -13.66%
- Discovery Africa has Ret. on equity of -13.66%
- FastForward Innovations has Ret. on equity of -13.66%
- Hemisphere Media Inc has Ret. on equity of -13.65%
- Akora Resources Ltd has Ret. on equity of -13.65%
- Cobalt Blue has Ret. on equity of -13.64%
- New Focus Auto Tech has Ret. on equity of -13.64%
- Gabelli Dividend & Income Trust has Ret. on equity of -13.63%
- The Gabelli Dividend & Income Trust has Ret. on equity of -13.63%
- Investigator Resources has Ret. on equity of -13.63%
- Nuveen Massachusetts Quality Municipal Income Fund has Ret. on equity of -13.62%