Spitfire Oil Ret. on equity
What is the Ret. on equity of Spitfire Oil?
The Ret. on equity of Spitfire Oil Limited is -30.38%
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 LSE compared to Spitfire Oil
What does Spitfire Oil do?
Spitfire Oil Limited does not have significant operations. Previously, the company was involved in producing fuels and distillates from the Salmon Gums Lignite deposits located in Western Australia. The company was founded in 2007 and is based in Perth, Australia.
Companies with ret. on equity similar to Spitfire Oil
- Nyrada has Ret. on equity of -30.47%
- Oportun Corp has Ret. on equity of -30.45%
- Linekong Interactive Co has Ret. on equity of -30.45%
- Avantium NV has Ret. on equity of -30.45%
- Électricité de France SA has Ret. on equity of -30.42%
- Électricité de France SA has Ret. on equity of -30.42%
- Spitfire Oil has Ret. on equity of -30.38%
- Wishpond Technologies has Ret. on equity of -30.37%
- Ucore Rare Metals has Ret. on equity of -30.36%
- Sun Metals has Ret. on equity of -30.34%
- Lemonade has Ret. on equity of -30.34%
- Nano-X Imaging has Ret. on equity of -30.34%
- ADX Ltd has Ret. on equity of -30.31%