Advance Nanotek Ret. on assets
What is the Ret. on assets of Advance Nanotek?
The Ret. on assets of Advance Nanotek Limited is -2.31%
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 Advance Nanotek
What does Advance Nanotek do?
Advance ZincTek Limited, together with its subsidiaries, manufactures aluminum oxide powder, and zinc oxide dispersions and powder for use in the personal care sector in Australia, the United States, Canada, Europe, and internationally. It produces and distributes dispersion of mineral-only UV filters in cosmetic emollients that are used for sunscreen, skincare, and pharmaceutical formulations, as well as alumina plate-like powders used for cosmetic applications. The company operates through a network of distributors. The company was formerly known as Advance NanoTek Limited and changed its name to Advance ZincTek Limited in November 2021. Advance ZincTek Limited was incorporated in 1997 and is based in Rocklea, Australia.
Companies with ret. on assets similar to Advance Nanotek
- Alok Industries has Ret. on assets of -2.33%
- Essar Shipping has Ret. on assets of -2.33%
- Mene has Ret. on assets of -2.32%
- Hastings Technology Metals has Ret. on assets of -2.32%
- Dajin Lithium has Ret. on assets of -2.32%
- DCM has Ret. on assets of -2.32%
- Advance Nanotek has Ret. on assets of -2.31%
- Edvance International has Ret. on assets of -2.31%
- Blue Coast Hotels has Ret. on assets of -2.31%
- Great Water has Ret. on assets of -2.31%
- New Silkroad Culturaltainment has Ret. on assets of -2.31%
- Ceva has Ret. on assets of -2.31%
- Jyoti has Ret. on assets of -2.30%