Nimy Resources Ltd Ret. on equity
What is the Ret. on equity of Nimy Resources Ltd?
The Ret. on equity of Nimy Resources Ltd is -338.82%
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 Nimy Resources Ltd
What does Nimy Resources Ltd do?
Nimy Resources Limited, an exploration company, engages in discovering and developing an economic nickel-sulfide project in Australia. It holds a 100% interest in the MONS nickel project comprising 12 tenements that covers an area of approximately 1,761 square kilometers located within the Archean Murchison Domain of the Youanmi Terrane of the Yilgarn Craton. The company was incorporated in 2012 and is based in Perth, Australia.
Companies with ret. on equity similar to Nimy Resources Ltd
- Troilus Gold has Ret. on equity of -340.63%
- MEDIROM Healthcare Technologies has Ret. on equity of -340.33%
- Gabriel Resources has Ret. on equity of -340.32%
- Gabriel Resources has Ret. on equity of -340.32%
- Solutiance AG has Ret. on equity of -340.12%
- Conscience Capital has Ret. on equity of -338.83%
- Nimy Resources Ltd has Ret. on equity of -338.82%
- Cashrewards has Ret. on equity of -338.32%
- Novan has Ret. on equity of -338.08%
- Reeds Inc has Ret. on equity of -337.49%
- Aleafia Health Inc has Ret. on equity of -337.48%
- Merida Merger Corp I has Ret. on equity of -336.71%
- Zinc One Resources has Ret. on equity of -336.67%