The Ret. on equity of Aurum Resources Ltd is -138.57%
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.
Aurum Resources Limited focuses on operating in the exploration and development business in Australia. It explores for gold, vanadium titanomagnetite, and nickel cobalt metals. Its projects include Penny South gold, the Unaly Hill South, and the Ryan's Find projects located in Western Australia. The company was incorporated in 2021 and is based in West Perth, Australia.