Cardero Resource Ret. on equity
What is the Ret. on equity of Cardero Resource?
The Ret. on equity of Cardero Resource Corp. is -23.62%
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 TSXV compared to Cardero Resource
What does Cardero Resource do?
Cardero Resource Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for silver and copper deposits. It holds an interest in the Silver Queen property located in Arizona through staking; and 100% interests in the Zonia copper project located in Arizona, the United States. The company was formerly known as Sun Devil Gold Corp. and changed its name to Cardero Resource Corp. in May 1999. Cardero Resource Corp. is headquartered in Vancouver, Canada.
Companies with ret. on equity similar to Cardero Resource
- AFC plc has Ret. on equity of -23.67%
- 123 Fahrschule Se Inh O.N has Ret. on equity of -23.67%
- Rincon Resources has Ret. on equity of -23.65%
- Physiomics Plc has Ret. on equity of -23.65%
- Mimi's Rock has Ret. on equity of -23.65%
- Health Catalyst Inc has Ret. on equity of -23.63%
- Cardero Resource has Ret. on equity of -23.62%
- Prabhat Dairy has Ret. on equity of -23.62%
- Prabhat Dairy has Ret. on equity of -23.62%
- Avesoro Resources has Ret. on equity of -23.62%
- China Rare Earth has Ret. on equity of -23.60%
- LION E-Mobility AG has Ret. on equity of -23.60%
- Zeus Resources has Ret. on equity of -23.58%