Magnum Mining and Exploration Ret. on equity
What is the Ret. on equity of Magnum Mining and Exploration?
The Ret. on equity of Magnum Mining and Exploration Limited is -74.01%
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 Magnum Mining and Exploration
What does Magnum Mining and Exploration do?
Magnum Mining and Exploration Limited engages in the exploration and evaluation of mineral properties. The company owns a 74% interest in the Gravelotte emerald project located in the Limpopo province of South Africa. It has a purchase agreement to acquire a 100% interest in the Buena Vista iron ore project located in Nevada, United States. The company was incorporated in 1986 and is based in Sydney, Australia.
Companies with ret. on equity similar to Magnum Mining and Exploration
- Icarus Capital has Ret. on equity of -74.24%
- Silver Grail Resources has Ret. on equity of -74.16%
- InfraStrata Plc has Ret. on equity of -74.14%
- IBO Technology has Ret. on equity of -74.14%
- Tufin Software Technologies Ltd has Ret. on equity of -74.13%
- Medlab Clinical has Ret. on equity of -74.05%
- Magnum Mining and Exploration has Ret. on equity of -74.01%
- Shirpur Gold Refinery has Ret. on equity of -73.99%
- Keybridge Capital has Ret. on equity of -73.98%
- Theranexus SA has Ret. on equity of -73.95%
- Future FinTech Inc has Ret. on equity of -73.90%
- Cocrystal Pharma Inc has Ret. on equity of -73.89%
- Tajiri Resources has Ret. on equity of -73.88%