Piedmont Lithium Inc Ret. on equity
What is the Ret. on equity of Piedmont Lithium Inc?
The Ret. on equity of Piedmont Lithium Inc is -29.74%
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 NASDAQ compared to Piedmont Lithium Inc
What does Piedmont Lithium Inc do?
Piedmont Lithium, Inc. is engaged in building a multi-asset, integrated lithium business which provides lithium hydroxide, a critical material, to the electric vehicle and battery manufacturing supply chains in the United States to support the creation of a clean energy economy in North America.
Companies with ret. on equity similar to Piedmont Lithium Inc
- Osisko Development has Ret. on equity of -29.81%
- Pediatrix Medical Inc has Ret. on equity of -29.81%
- MICT Inc has Ret. on equity of -29.80%
- EYEMAXX Real Estate AG has Ret. on equity of -29.78%
- Stelmine Canada has Ret. on equity of -29.78%
- AV Promotions has Ret. on equity of -29.76%
- Piedmont Lithium Inc has Ret. on equity of -29.74%
- Kingsway Services has Ret. on equity of -29.71%
- Silver Bull Resources Inc has Ret. on equity of -29.71%
- Jupai Ltd has Ret. on equity of -29.68%
- Otis Worldwide has Ret. on equity of -29.66%
- Eminent Gold has Ret. on equity of -29.66%
- Synex International has Ret. on equity of -29.63%