Alumina Ret. on assets
What is the Ret. on assets of Alumina?
The Ret. on assets of Alumina Limited is -8.61%
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 Alumina
What does Alumina do?
Alumina Limited, through its 40% interest in Alcoa World Alumina and Chemicals, engages in bauxite mining, alumina refining, and aluminum smelting businesses. The company has a network of bauxite mines and alumina refineries in Australia, Guinea, Brazil, and Spain, and Saudi Arabia; and a 55% interest in the Portland aluminium smelter in Victoria, Australia. It is also involved in shipping operations. The company was formerly known as WMC Limited and changed its name to Alumina Limited in December 2002 as part of the demerger of the WMC Group. Alumina Limited was incorporated in 1970 and is headquartered in Southbank, Australia.
Companies with ret. on assets similar to Alumina
- Neometals Ltd has Ret. on assets of -8.63%
- Axogen has Ret. on assets of -8.63%
- Northern Dynasty Minerals has Ret. on assets of -8.62%
- China TechFaith Wireless Communication Technology has Ret. on assets of -8.61%
- China TechFaith Wireless Communication Technology has Ret. on assets of -8.61%
- China TechFaith Wireless Communication Technology has Ret. on assets of -8.61%
- Alumina has Ret. on assets of -8.61%
- Schroder Asian Total Return Investment Co. Plc has Ret. on assets of -8.61%
- Icicle has Ret. on assets of -8.61%
- Salter Bros Emerging Co Ltd has Ret. on assets of -8.60%
- Tailam Tech Construction has Ret. on assets of -8.60%
- Lendlease has Ret. on assets of -8.60%
- LendLease Stapled Securities has Ret. on assets of -8.60%