Western Areas Ret. on equity
What is the Ret. on equity of Western Areas?
The Ret. on equity of Western Areas Limited is 3.78%
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 Western Areas
What does Western Areas do?
Western Areas Limited mines for, processes, and sells nickel sulphide concentrates and other base metals in Australia. It holds a 100% interest in the Forrestania project located in Western Australia. Western Areas Limited was incorporated in 1999 and is based in West Perth, Australia.
Companies with ret. on equity similar to Western Areas
- Easy One has Ret. on equity of 3.77%
- Watts International Maritime Engineering has Ret. on equity of 3.77%
- Royale Manor Hotels and Industries has Ret. on equity of 3.77%
- China 21st Century Education has Ret. on equity of 3.77%
- STM Plc has Ret. on equity of 3.77%
- Vodafone Plc has Ret. on equity of 3.77%
- Western Areas has Ret. on equity of 3.78%
- PT Semen Indonesia (Persero) Tbk has Ret. on equity of 3.78%
- Genie Ltd has Ret. on equity of 3.78%
- Rhinebeck has Ret. on equity of 3.78%
- EDP Renováveis SA has Ret. on equity of 3.78%
- Healthpeak Properties has Ret. on equity of 3.78%
- ReadyTech has Ret. on equity of 3.78%