PolarX Ret. on assets
What is the Ret. on assets of PolarX?
The Ret. on assets of PolarX Limited is -2.85%
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 PolarX
What does PolarX do?
PolarX Limited engages in the exploration and development of mineral properties in the United States. The company explores for copper, silver, and gold deposits. Its principal property is the Alaska Range project, which comprise Stellar and Caribou Dome project covering an area of approximately 262 square kilometers located in Alaska. The company was incorporated in 1945 and is based in Subiaco, Australia.
Companies with ret. on assets similar to PolarX
- LKS has Ret. on assets of -2.87%
- Misonix Inc has Ret. on assets of -2.87%
- Chemtrade Logistics Income Fund has Ret. on assets of -2.87%
- Dai-Ichi Karkaria has Ret. on assets of -2.86%
- Quisitive Technology Solutions has Ret. on assets of -2.86%
- Trevali Mining has Ret. on assets of -2.86%
- PolarX has Ret. on assets of -2.85%
- Carnegie Clean has Ret. on assets of -2.85%
- China Oriented International has Ret. on assets of -2.85%
- Flexituff Ventures International has Ret. on assets of -2.85%
- UET United Electronic Technology AG has Ret. on assets of -2.85%
- InnerWorkings has Ret. on assets of -2.85%
- China Gold International Resources has Ret. on assets of -2.84%