Nimy Resources Ltd Ret. on assets
What is the Ret. on assets of Nimy Resources Ltd?
The Ret. on assets of Nimy Resources Ltd is -161.29%
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 Nimy Resources Ltd
What does Nimy Resources Ltd do?
Nimy Resources Limited, an exploration company, engages in discovering and developing an economic nickel-sulfide project in Australia. It holds a 100% interest in the MONS nickel project comprising 12 tenements that covers an area of approximately 1,761 square kilometers located within the Archean Murchison Domain of the Youanmi Terrane of the Yilgarn Craton. The company was incorporated in 2012 and is based in Perth, Australia.
Companies with ret. on assets similar to Nimy Resources Ltd
- Pacific Imperial Mines has Ret. on assets of -162.89%
- Intrusion has Ret. on assets of -162.31%
- China International Development has Ret. on assets of -162.07%
- Amarc Resources has Ret. on assets of -162.06%
- alpha-En has Ret. on assets of -162.02%
- Resources of Australia Ltd has Ret. on assets of -161.40%
- Nimy Resources Ltd has Ret. on assets of -161.29%
- ATIF has Ret. on assets of -160.92%
- Alpha Cognition has Ret. on assets of -160.88%
- OncoSec Medical Inc has Ret. on assets of -160.62%
- Asensus Surgical Inc has Ret. on assets of -160.28%
- Sphinx Resources has Ret. on assets of -159.78%
- Invigor has Ret. on assets of -159.50%