New Tech Minerals Ret. on assets
What is the Ret. on assets of New Tech Minerals?
The Ret. on assets of New Tech Minerals Corp. is -52.23%
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 OTC compared to New Tech Minerals
Companies with ret. on assets similar to New Tech Minerals
- Eat Beyond Global has Ret. on assets of -52.36%
- Passage Bio Inc has Ret. on assets of -52.29%
- AbraPlata Resource has Ret. on assets of -52.27%
- GeNeuro SA (Switzerland) has Ret. on assets of -52.27%
- InspireMD Inc has Ret. on assets of -52.26%
- Amani Gold has Ret. on assets of -52.25%
- New Tech Minerals has Ret. on assets of -52.23%
- Barsele Minerals has Ret. on assets of -52.22%
- Geiger Counter has Ret. on assets of -52.22%
- Glacier Media has Ret. on assets of -52.22%
- Rekor Systems Inc has Ret. on assets of -52.21%
- Troy Resources has Ret. on assets of -52.18%
- Global Health has Ret. on assets of -52.17%