TNG Ret. on equity
What is the Ret. on equity of TNG?
The Ret. on equity of TNG Limited is -7.30%
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 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 equity similar to TNG
- Agora has Ret. on equity of -7.31%
- Alderon Iron Ore has Ret. on equity of -7.31%
- CarGurus Inc has Ret. on equity of -7.31%
- Gotham Resource Corp has Ret. on equity of -7.31%
- Kodal Minerals Plc has Ret. on equity of -7.31%
- Parx Materials N.V has Ret. on equity of -7.30%
- TNG has Ret. on equity of -7.30%
- Clean Air Metals Inc has Ret. on equity of -7.29%
- Western Forest Products has Ret. on equity of -7.29%
- Western Forest Products has Ret. on equity of -7.29%
- PowerFleet Inc has Ret. on equity of -7.29%
- LG Display Co has Ret. on equity of -7.29%
- Nuveen Municipal Credit Opportunities Fund has Ret. on equity of -7.29%