Altech Chemicals Ret. on equity
What is the Ret. on equity of Altech Chemicals?
The Ret. on equity of Altech Chemicals Limited is -228.69%
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 ASX compared to Altech Chemicals
What does Altech Chemicals do?
Altech Chemicals Limited focuses on producing high purity alumina used in the production of synthetic sapphire. It holds 100% interest in a kaolin deposit located in the Meckering, Western Australia. The company was formerly known as Australia Minerals and Mining Group Limited and changed its name to Altech Chemicals Limited in November 2014. Altech Chemicals Limited was incorporated in 2007 and is based in Subiaco, Australia.
Companies with ret. on equity similar to Altech Chemicals
- Navya SA has Ret. on equity of -229.66%
- Pure Minerals has Ret. on equity of -229.43%
- Lumen Technologies has Ret. on equity of -229.06%
- Tectonic Metals has Ret. on equity of -228.89%
- Tectonic Metals has Ret. on equity of -228.89%
- Stellar Resources has Ret. on equity of -228.80%
- Altech Chemicals has Ret. on equity of -228.69%
- McNally Bharat Engineering has Ret. on equity of -228.49%
- Sire Bioscience has Ret. on equity of -228.16%
- Kiplin Metals has Ret. on equity of -228.13%
- BrandShield Systems Plc has Ret. on equity of -228.12%
- Fiji Kava has Ret. on equity of -227.92%
- Hunt Companies Acquisition I has Ret. on equity of -227.60%