Iron Road Ret. on assets

What is the Ret. on assets of Iron Road?

The Ret. on assets of Iron Road Limited is -1.77%

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 Iron Road

What does Iron Road do?

Iron Road Limited explores for and evaluates iron ore properties in Australia. It owns 100% interest in the Central Eyre iron project located on the Eyre Peninsula of South Australia; and 90% interest in the Gawler iron project located in South Australia. The company was incorporated in 2007 and is based in Adelaide, Australia. Iron Road Limited is a subsidiary of Sentient Executive GP IV, Limited.

Companies with ret. on assets similar to Iron Road

Roth CH Acquisition I Co has Ret. on assets of -1.78%
Shun Ho Property Investments has Ret. on assets of -1.78%
White Gold has Ret. on assets of -1.78%
Creative Realities Inc has Ret. on assets of -1.78%
Global Invacom has Ret. on assets of -1.78%
Lazydays has Ret. on assets of -1.78%
Iron Road has Ret. on assets of -1.77%
SOCAM Development has Ret. on assets of -1.77%
Hans has Ret. on assets of -1.77%
Cherry Street Capital has Ret. on assets of -1.76%
Ganfeng Lithium Co has Ret. on assets of -1.76%
Tinka Resources has Ret. on assets of -1.76%
Tinka Resources has Ret. on assets of -1.76%