Blacksteel Ret. on equity
What is the Ret. on equity of Blacksteel?
The Ret. on equity of Blacksteel Energy Inc. is 59.84%
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 TSXV compared to Blacksteel
What does Blacksteel do?
Blacksteel Energy Inc. explores, develops, and produces oil and natural gas resources. Its primary asset is a 30% working interest in producing oil and gas in the Girouxville area in Northwest Alberta. The company is based in Calgary, Canada.
Companies with ret. on equity similar to Blacksteel
- Par Pacific has Ret. on equity of 59.49%
- Kraig Biocraft Laboratories has Ret. on equity of 59.56%
- Pressure BioSciences has Ret. on equity of 59.64%
- Pressure BioSciences has Ret. on equity of 59.64%
- Pressure BioSciences has Ret. on equity of 59.64%
- Essar Shipping has Ret. on equity of 59.69%
- Blacksteel has Ret. on equity of 59.84%
- American Tower has Ret. on equity of 59.86%
- The TJX Companies has Ret. on equity of 60.02%
- The TJX Companies has Ret. on equity of 60.02%
- Netwealth has Ret. on equity of 60.04%
- Atlas Pearls Ltd has Ret. on equity of 60.09%
- Dorchester Minerals LP has Ret. on equity of 60.11%