Cardinal Resources Ret. on equity
What is the Ret. on equity of Cardinal Resources?
The Ret. on equity of Cardinal Resources Limited is 206.23%
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 Cardinal Resources
What does Cardinal Resources do?
Cardinal Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Ghana. The company primarily explores for gold deposits. Its principal project is Namdini Gold project covering an area of 63 square kilometers located in the Bolgatanga region. Cardinal Resources Limited was incorporated in 2010 is based in West Perth, Australia.
Companies with ret. on equity similar to Cardinal Resources
- SQI Diagnostics has Ret. on equity of 203.29%
- Cub has Ret. on equity of 203.52%
- Lysogene S.A has Ret. on equity of 203.87%
- Carvana Co has Ret. on equity of 204.44%
- Lite Access Technologies has Ret. on equity of 204.68%
- Waters has Ret. on equity of 204.84%
- Cardinal Resources has Ret. on equity of 206.23%
- Sakthi Sugars has Ret. on equity of 206.46%
- Flexion Therapeutics Inc has Ret. on equity of 207.60%
- Vapotherm Inc has Ret. on equity of 209.65%
- Central African Gold has Ret. on equity of 209.77%
- T2 Biosystems Inc has Ret. on equity of 212.27%
- Luminar Technologies Inc has Ret. on equity of 212.98%