Magnum Mining and Exploration Ret. on assets
What is the Ret. on assets of Magnum Mining and Exploration?
The Ret. on assets of Magnum Mining and Exploration Limited is -34.01%
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 Magnum Mining and Exploration
What does Magnum Mining and Exploration do?
Magnum Mining and Exploration Limited engages in the exploration and evaluation of mineral properties. The company owns a 74% interest in the Gravelotte emerald project located in the Limpopo province of South Africa. It has a purchase agreement to acquire a 100% interest in the Buena Vista iron ore project located in Nevada, United States. The company was incorporated in 1986 and is based in Sydney, Australia.
Companies with ret. on assets similar to Magnum Mining and Exploration
- Bionano Genomics has Ret. on assets of -34.11%
- Parrot SA has Ret. on assets of -34.08%
- Larimar Therapeutics has Ret. on assets of -34.05%
- Shield Therapeutics Plc has Ret. on assets of -34.05%
- Itronics has Ret. on assets of -34.05%
- Tonix Pharmaceuticals has Ret. on assets of -34.03%
- Magnum Mining and Exploration has Ret. on assets of -34.01%
- F45 Training has Ret. on assets of -34.00%
- Avicanna has Ret. on assets of -33.98%
- AuStar Gold has Ret. on assets of -33.96%
- Apergy has Ret. on assets of -33.94%
- YayYo has Ret. on assets of -33.93%
- EVmo Inc has Ret. on assets of -33.93%