Petroteq Ret. on equity
What is the Ret. on equity of Petroteq?
The Ret. on equity of Petroteq Energy, Inc. is -27.93%
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 Energy sector on TSXV compared to Petroteq
What does Petroteq do?
Petroteq Energy Inc., through its subsidiaries, engages in the oil sands mining and processing operations in the United States. It holds rights to mine, extract, and produce oil and associated hydrocarbons and minerals from oil sands containing heavy oil and bitumen under mineral leases covering approximately 1,671,91 acres in the Asphalt Ridge area of Utah, including 320 acres held under the TMC Mineral Lease and an additional 1,351.91 acres held under three Temple Mountain State of Utah's School and Institutional Trust Land Administration Leases. The company also operates rights under five leases covering lands consisting of approximately 5,960 acres situated in Uintah, Wayne, and Garfield Counties, Utah. In addition, it is developing a blockchain-powered supply chain management platform for the oil and gas industry. The company was formerly known as MCW Energy Group Limited and changed its name to Petroteq Energy Inc. in May 2017. Petroteq Energy Inc. was founded in 2010 and is based in Sherman Oaks, California.
Companies with ret. on equity similar to Petroteq
- Seagen Inc has Ret. on equity of -28.06%
- Apollo Minerals has Ret. on equity of -28.01%
- Immutep has Ret. on equity of -27.99%
- Belo Sun Mining has Ret. on equity of -27.97%
- Arafura Resources has Ret. on equity of -27.96%
- Warner Bros. Discovery has Ret. on equity of -27.94%
- Petroteq has Ret. on equity of -27.93%
- Greenland Minerals has Ret. on equity of -27.92%
- Mt Malcolm Mines NL has Ret. on equity of -27.92%
- Scooters India has Ret. on equity of -27.91%
- Nextdoor has Ret. on equity of -27.91%
- Vogo SA has Ret. on equity of -27.90%
- Pearl Polymers has Ret. on equity of -27.90%