Horizonte Minerals Plc Ret. on equity
What is the Ret. on equity of Horizonte Minerals Plc?
The Ret. on equity of Horizonte Minerals Plc is -5.30%
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 LSE compared to Horizonte Minerals Plc
What does Horizonte Minerals Plc do?
Horizonte Minerals Plc, together with its subsidiaries, engages in the exploration and development of mineral projects in Brazil. The company primarily explores for nickel deposits, as well as cobalt deposits. It holds 100% interest in the Araguaia ferronickel project and Serra do Tapa nickel project located in the State of Para; and the Vermelho Nickel-Cobalt project in the eastern part of the Carajás mining district. Horizonte Minerals Plc was incorporated in 2006 and is headquartered in London, the United Kingdom.
Companies with ret. on equity similar to Horizonte Minerals Plc
- Graphite India has Ret. on equity of -5.34%
- Taruga Minerals has Ret. on equity of -5.32%
- Foran Mining has Ret. on equity of -5.32%
- EcoSynthetix has Ret. on equity of -5.31%
- Cohen & Steers Quality Income Realty Fund has Ret. on equity of -5.31%
- Colorado Resources has Ret. on equity of -5.31%
- Horizonte Minerals Plc has Ret. on equity of -5.30%
- China Trends has Ret. on equity of -5.30%
- CIL Nova Petrochemicals has Ret. on equity of -5.30%
- PBM Polytex has Ret. on equity of -5.29%
- Cronos has Ret. on equity of -5.29%
- S&T has Ret. on equity of -5.29%
- California Software has Ret. on equity of -5.29%