Encounter Resources Ret. on assets
What is the Ret. on assets of Encounter Resources?
The Ret. on assets of Encounter Resources Limited is -5.67%
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 Encounter Resources
What does Encounter Resources do?
Encounter Resources Limited engages in the exploration and development of mineral deposits in Australia. It explores for zinc, copper, gold, and cobalt deposits. The company holds interests in the Lamil and Yeneena projects located in the Paterson Province, Western Australia. It also holds interests in the Aileron project situated in the West Arunta, Western Australia; and the Elliott copper project located in the Northern Territory. The company was incorporated in 2004 and is based in Subiaco, Australia.
Companies with ret. on assets similar to Encounter Resources
- FedNat Co has Ret. on assets of -5.68%
- ProVen Growth and Income VCT has Ret. on assets of -5.68%
- Fujian has Ret. on assets of -5.67%
- Vision Lithium has Ret. on assets of -5.67%
- Weiqiao Textile has Ret. on assets of -5.67%
- Melbana has Ret. on assets of -5.67%
- Encounter Resources has Ret. on assets of -5.67%
- Onewater Marine Inc has Ret. on assets of -5.66%
- Delta Magnets has Ret. on assets of -5.66%
- Asian Television Network International has Ret. on assets of -5.66%
- Panacea Biotec has Ret. on assets of -5.66%
- DEMIRE Deutsche Mittelstand Real Estate AG has Ret. on assets of -5.66%
- Northern Superior Resources has Ret. on assets of -5.65%