China Magnesium Ret. on equity
What is the Ret. on equity of China Magnesium?
The Ret. on equity of China Magnesium Corporation Limited is -34.06%
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 ASX compared to China Magnesium
What does China Magnesium do?
Sovran White International Limited engages in processing and selling magnesium, coke, fertilizer, and related products in Western Australia and internationally. The company also offers magnesium alloys, as well as semi-coke, calcium metal, tar oil, and other industrial products. In addition, it is involved in the production of magnesium ingots. The company was formerly known as China Magnesium Corporation Limited and changed its name to Sovran White International Limited in June 2020. Sovran White International Limited was founded in 2007 and is based in Brisbane, Australia.
Companies with ret. on equity similar to China Magnesium
- John Wood Plc has Ret. on equity of -34.15%
- Shine Minerals has Ret. on equity of -34.15%
- Vita 34 AG has Ret. on equity of -34.15%
- EnWave has Ret. on equity of -34.11%
- Episurf Medical AB (publ) has Ret. on equity of -34.08%
- Ansal Housing & Construction has Ret. on equity of -34.06%
- China Magnesium has Ret. on equity of -34.06%
- Oakajee has Ret. on equity of -34.05%
- Nexion Technologies has Ret. on equity of -34.04%
- Just Eat Takeaway.com N.V has Ret. on equity of -34.04%
- Shanghai Henlius Biotech Inc has Ret. on equity of -34.04%
- Span Divergent has Ret. on equity of -34.03%
- Admiralty Resources NL has Ret. on equity of -34.03%