Peak Resources Ret. on assets
What is the Ret. on assets of Peak Resources?
The Ret. on assets of Peak Resources Limited is -13.73%
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 Peak Resources
What does Peak Resources do?
Peak Rare Earths Limited engages in the exploration and evaluation of mineral licenses in Tanzania. The company explores for neodymium and praseodymium rare earth mixed oxides. It holds a 100% interest in the Ngualla Rare Earth project located in southern Tanzania. The company was formerly known as Peak Resources Limited and changed its name to Peak Rare Earths Limited in December 2021. Peak Rare Earths Limited was incorporated in 2005 and is based in Perth, Australia.
Companies with ret. on assets similar to Peak Resources
- Unity Infraprojects has Ret. on assets of -13.75%
- good natured Products has Ret. on assets of -13.75%
- QX Metals has Ret. on assets of -13.75%
- Arrival has Ret. on assets of -13.75%
- Yuzhou Properties has Ret. on assets of -13.74%
- Nakama plc has Ret. on assets of -13.74%
- Peak Resources has Ret. on assets of -13.73%
- Pure Extraction has Ret. on assets of -13.73%
- Fitch Street Capital has Ret. on assets of -13.73%
- IMPACT Silver has Ret. on assets of -13.71%
- IMPACT Silver has Ret. on assets of -13.71%
- Trail Blazer Capital Corp has Ret. on assets of -13.70%
- China Tontine Wines has Ret. on assets of -13.70%