Davenport Resources Ret. on equity
What is the Ret. on equity of Davenport Resources?
The Ret. on equity of Davenport Resources Limited is -50.49%
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 Davenport Resources
What does Davenport Resources do?
Davenport Resources Limited explores for and develops mineral properties in Germany. The company primarily explores for potash, copper, iron, and gold deposits. Its project portfolio comprises the South Harz project that includes two exploration licenses located in Thüringen, Germany; and the Southern Cross Bore project which covers approximately 600km2 area located in Alice Springs, Australia's Northern Territory. Davenport Resources Limited is headquartered in West Perth, Australia.
Companies with ret. on equity similar to Davenport Resources
- Liberty One Lithium has Ret. on equity of -50.63%
- Advenis SA has Ret. on equity of -50.59%
- Harrow Health has Ret. on equity of -50.56%
- Goldsource Mines has Ret. on equity of -50.55%
- Home Point Capital has Ret. on equity of -50.55%
- Haidilao International has Ret. on equity of -50.52%
- Davenport Resources has Ret. on equity of -50.49%
- Maxcyte Inc Com Stk Usd0.01 (Di has Ret. on equity of -50.47%
- Smooth Rock Ventures Corp has Ret. on equity of -50.43%
- Smooth Rock Ventures has Ret. on equity of -50.43%
- GetSwift has Ret. on equity of -50.37%
- Niobay Metals has Ret. on equity of -50.36%
- District Copper has Ret. on equity of -50.35%