Cardinal Resources Ret. on assets
What is the Ret. on assets of Cardinal Resources?
The Ret. on assets of Cardinal Resources Limited is -139.78%
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 ASX compared to Cardinal Resources
What does Cardinal Resources do?
Cardinal Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Ghana. The company primarily explores for gold deposits. Its principal project is Namdini Gold project covering an area of 63 square kilometers located in the Bolgatanga region. Cardinal Resources Limited was incorporated in 2010 is based in West Perth, Australia.
Companies with ret. on assets similar to Cardinal Resources
- Inhibikase Therapeutics has Ret. on assets of -140.64%
- Graycliff Exploration has Ret. on assets of -140.12%
- WeedMD has Ret. on assets of -140.11%
- WeedMD has Ret. on assets of -140.11%
- Solaris Resources has Ret. on assets of -140.11%
- Ayala Pharmaceuticals has Ret. on assets of -139.83%
- Cardinal Resources has Ret. on assets of -139.78%
- Silver Spruce Resources has Ret. on assets of -139.64%
- Predictmedix has Ret. on assets of -139.62%
- Auralite Investments has Ret. on assets of -139.46%
- Auralite Investments has Ret. on assets of -139.46%
- Galera Therapeutics Inc has Ret. on assets of -138.81%
- ContraFect Corp has Ret. on assets of -138.71%