Alumina Ret. on equity
What is the Ret. on equity of Alumina?
The Ret. on equity of Alumina Limited is -10.15%
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 Alumina
What does Alumina do?
Alumina Limited, through its 40% interest in Alcoa World Alumina and Chemicals, engages in bauxite mining, alumina refining, and aluminum smelting businesses. The company has a network of bauxite mines and alumina refineries in Australia, Guinea, Brazil, and Spain, and Saudi Arabia; and a 55% interest in the Portland aluminium smelter in Victoria, Australia. It is also involved in shipping operations. The company was formerly known as WMC Limited and changed its name to Alumina Limited in December 2002 as part of the demerger of the WMC Group. Alumina Limited was incorporated in 1970 and is headquartered in Southbank, Australia.
Companies with ret. on equity similar to Alumina
- Nuveen New York Municipal Value Fund has Ret. on equity of -10.18%
- BNY Mellon Strategic Municipal Bond Fund Inc has Ret. on equity of -10.17%
- Newfield Resources has Ret. on equity of -10.17%
- Rayonier Advanced Materials Inc has Ret. on equity of -10.15%
- Sing Tao News has Ret. on equity of -10.15%
- Cellcom Israel has Ret. on equity of -10.15%
- Alumina has Ret. on equity of -10.15%
- Solstice Gold has Ret. on equity of -10.14%
- TerraForm Power has Ret. on equity of -10.12%
- Flaherty & Crumrine Preferred and Income Securities Fund Inc has Ret. on equity of -10.12%
- Visible Gold Mines has Ret. on equity of -10.12%
- Australian Agricultural has Ret. on equity of -10.12%
- Velocity Minerals has Ret. on equity of -10.11%