TNG Ret. on assets
What is the Ret. on assets of TNG?
The Ret. on assets of TNG Limited is -4.43%
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 OTC compared to TNG
What does TNG do?
TNG Limited engages in the exploration, evaluation, and development of mineral properties in Australia. It explores for iron ore, vanadium, titanium, nickel, and cobalt deposits. The company's flagship property is the Mount Peake project located to the north-west of Alice Springs in the Northern Territory. TNG Limited was incorporated in 1970 and is based in Subiaco, Australia.
Companies with ret. on assets similar to TNG
- QUHUO Ltd has Ret. on assets of -4.45%
- Biglari has Ret. on assets of -4.45%
- Portage Biotech has Ret. on assets of -4.44%
- Macarthur Minerals has Ret. on assets of -4.43%
- Labrador Gold has Ret. on assets of -4.43%
- Labrador Gold has Ret. on assets of -4.43%
- TNG has Ret. on assets of -4.43%
- Coherus Biosciences Inc has Ret. on assets of -4.43%
- Desert Metals has Ret. on assets of -4.43%
- CrowdStrike has Ret. on assets of -4.42%
- Noida Toll Bridge has Ret. on assets of -4.42%
- Imobiliaria Construtora Grao Para, S.A has Ret. on assets of -4.42%
- Altamira Gold has Ret. on assets of -4.42%