Newborn Acquisition Ret. on assets
What is the Ret. on assets of Newborn Acquisition?
The Ret. on assets of Newborn Acquisition Corp. is -1.80%
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 Finance sector on NASDAQ compared to Newborn Acquisition
What does Newborn Acquisition do?
Newborn Acquisition Corp. does not have significant operations. It intends to acquire, through a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, one or more businesses or entities operating in Asia (excluding China) and the United States. The company was founded in 2019 and is based in Shanghai, China.
Companies with ret. on assets similar to Newborn Acquisition
- Vivint Smart Home Inc has Ret. on assets of -1.81%
- Providence Resources P.l.c has Ret. on assets of -1.80%
- Providence Resources Plc has Ret. on assets of -1.80%
- 447866 has Ret. on assets of -1.80%
- Pental has Ret. on assets of -1.80%
- GTL Infrastructure has Ret. on assets of -1.80%
- Newborn Acquisition has Ret. on assets of -1.80%
- Kridhan Infra has Ret. on assets of -1.80%
- Vikas Proppant & Granite has Ret. on assets of -1.79%
- Standard Life Investments Property Income Trust has Ret. on assets of -1.79%
- Fonciere Paris Nord has Ret. on assets of -1.79%
- Niyogin Fintech has Ret. on assets of -1.79%
- Agrimin has Ret. on assets of -1.79%