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1300SMILES Ret. on assets

What is the Ret. on assets of 1300SMILES?

The Ret. on assets of 1300SMILES Limited is 11.05%

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 Health Care sector on ASX compared to 1300SMILES

What does 1300SMILES do?

1300SMILES Limited provides dental and management services in Australia. It enables the delivery of services to patients by offering the use of dental surgeries, practice management, and other services to self-employed dentists who carry on their own dental practices. The company also provides services in the areas of marketing, administration, billing and collections, and facilities certification and licensing to participating dentists; and support staff, equipment, and facilities, as well as sources various consumable goods. In addition, it offers general, restorative, cosmetic, preventive, and children's dentistry services, as well as orthodontics services. The company serves dentists ranging from new graduates to experienced dental professionals. It owns and operates approximately 30 full-service dental facilities in Queensland, Sydney, and Adelaide. The company was founded in 2000 and is based in Townsville, Australia.

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