Tietto Minerals Ret. on assets
What is the Ret. on assets of Tietto Minerals?
The Ret. on assets of Tietto Minerals Limited is 1.15%
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 Tietto Minerals
What does Tietto Minerals do?
Tietto Minerals Limited operates as a gold exploration and development company in Australia and West Africa. Its flagship project in the Abujar gold project comprising three tenements covering an area of 1,114 square kilometers located in central western region of Côte D'Ivoire. The company was incorporated in 2010 and is based in West Perth, Australia.
Companies with ret. on assets similar to Tietto Minerals
- Shrenik has Ret. on assets of 1.14%
- SpareBank 1 BV has Ret. on assets of 1.14%
- Allegiance Bancshares Inc has Ret. on assets of 1.14%
- Société Foncière Lyonnaise SA has Ret. on assets of 1.14%
- United Fire Inc has Ret. on assets of 1.14%
- TOC Property Backed Lending PLC has Ret. on assets of 1.14%
- Tietto Minerals has Ret. on assets of 1.15%
- Princeton Bancorp Inc has Ret. on assets of 1.15%
- Jaiprakash Power Ventures has Ret. on assets of 1.15%
- Sansheng () Co has Ret. on assets of 1.15%
- Cass Information Systems Inc has Ret. on assets of 1.15%
- DIC India has Ret. on assets of 1.15%
- 1st Constitution Bancorp has Ret. on assets of 1.15%