Caeneus Minerals Ltd Ret. on assets
What is the Ret. on assets of Caeneus Minerals Ltd?
The Ret. on assets of Caeneus Minerals Ltd is -151.29%
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 Caeneus Minerals Ltd
What does Caeneus Minerals Ltd do?
Caeneus Minerals Ltd operates as a mineral exploration and development company in Australia and the United States. It explores for lithium, gold, platinum group metals, copper, and nickel deposits. The company holds interests in the Columbus Marsh project, the New King Lithium project, and the Rhodes Marsh project located in Nevada. It also holds interests in the Pardoo project, the Roberts Hill project, the Mt Berghaus project, and the Yule River project located in Western Australia. The company was formerly known as Matrix Metals Limited. Caeneus Minerals Ltd was incorporated in 1998 and is headquartered in Nedlands, Australia.
Companies with ret. on assets similar to Caeneus Minerals Ltd
- Galilee has Ret. on assets of -152.42%
- PAVmed Inc has Ret. on assets of -152.16%
- Equity Metals has Ret. on assets of -151.93%
- Oracle has Ret. on assets of -151.81%
- Desert Gold Ventures has Ret. on assets of -151.40%
- Wilton Resources has Ret. on assets of -151.37%
- Caeneus Minerals Ltd has Ret. on assets of -151.29%
- Troilus Gold has Ret. on assets of -151.15%
- Kilo Goldmines has Ret. on assets of -150.81%
- Li3 Lithium Corp has Ret. on assets of -150.49%
- Vincera Pharma has Ret. on assets of -149.94%
- BetterU Education has Ret. on assets of -149.80%
- Turnium Technology Inc has Ret. on assets of -149.60%