Danakali Ret. on equity
What is the Ret. on equity of Danakali?
The Ret. on equity of Danakali Limited is 1.20%
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 Danakali
What does Danakali do?
Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. It focuses on the development of the Colluli potash project located in the Danakil Depression region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. Danakali Limited was incorporated in 2001 and is headquartered in Perth, Australia.
Companies with ret. on equity similar to Danakali
- Samson has Ret. on equity of 1.18%
- AJ Lucas has Ret. on equity of 1.19%
- Gabelli Utility Trust has Ret. on equity of 1.19%
- Antero Resources Corp has Ret. on equity of 1.19%
- Navkar has Ret. on equity of 1.20%
- BlackRock Municipal 2020 Term Trust has Ret. on equity of 1.20%
- Danakali has Ret. on equity of 1.20%
- Makers Laboratories has Ret. on equity of 1.21%
- Sunteck Realty has Ret. on equity of 1.22%
- FriendTimes has Ret. on equity of 1.22%
- China Strategic has Ret. on equity of 1.22%
- TE Connectivity has Ret. on equity of 1.22%
- Toray Industries has Ret. on equity of 1.22%