The Ret. on assets of AXMIN, Inc. is -65.48%
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.
AXMIN Inc., a development stage company, engages in the exploration and development of mineral properties in central and West Africa. The company explores for gold properties. Its primary asset is the Passendro gold project located in Central African Republic. The company also holds a royalty interest in the Senegal project located in the Birimian belt of eastern Senegal. AXMIN Inc. is based in Vancouver, Canada.