Sphinx Resources Ret. on assets
What is the Ret. on assets of Sphinx Resources?
The Ret. on assets of Sphinx Resources Ltd. is -159.78%
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 TSXV compared to Sphinx Resources
What does Sphinx Resources do?
Sphinx Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for zinc, copper, nickel, lead, palladium, platinum, gold, and silver deposits. The company holds interests in various properties located in the Pontiac regional county municipality of southwestern Québec; and in southern Abitibi Temiscaming region and southeast of the municipality of Saint-Édouard-de-Fabre. The company was formerly known as Donner Metals Ltd. and changed its name to Sphinx Resources Ltd. in October 2014. Sphinx Resources Ltd. was incorporated in 2005 and is headquartered in Montreal, Canada.
Companies with ret. on assets similar to Sphinx Resources
- Resources of Australia Ltd has Ret. on assets of -161.40%
- Nimy Resources Ltd has Ret. on assets of -161.29%
- ATIF has Ret. on assets of -160.92%
- Alpha Cognition has Ret. on assets of -160.88%
- OncoSec Medical Inc has Ret. on assets of -160.62%
- Asensus Surgical Inc has Ret. on assets of -160.28%
- Sphinx Resources has Ret. on assets of -159.78%
- Invigor has Ret. on assets of -159.50%
- Eloxx Pharmaceuticals Inc has Ret. on assets of -159.48%
- 9 Meters Biopharma has Ret. on assets of -159.45%
- EnerSpar has Ret. on assets of -159.23%
- IXUP has Ret. on assets of -158.89%
- Greencastle Resources has Ret. on assets of -158.33%