TAG Oil Ret. on assets
What is the Ret. on assets of TAG Oil?
The Ret. on assets of TAG Oil Ltd. is -13.14%
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 Energy sector on TSXV compared to TAG Oil
What does TAG Oil do?
TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in Canada, New Zealand, and Australia. It operates exploration and production permits in New Zealand; and an exploration and production permit in Australia. The company was formerly known as Durum Cons. Energy Corp. and changed its name to TAG Oil Ltd. in June 2002. TAG Oil Ltd. was incorporated in 1990 and is headquartered in Vancouver, Canada.
Companies with ret. on assets similar to TAG Oil
- Butn has Ret. on assets of -13.22%
- Turnkey Solutions Inc has Ret. on assets of -13.20%
- Edison Cobalt has Ret. on assets of -13.18%
- Superior Industries International has Ret. on assets of -13.17%
- Brunswick Exploration has Ret. on assets of -13.16%
- E3 Lithium Ltd has Ret. on assets of -13.15%
- TAG Oil has Ret. on assets of -13.14%
- Pancontinental Oil & Gas NL has Ret. on assets of -13.14%
- Mesoblast has Ret. on assets of -13.13%
- Tiscali Spa has Ret. on assets of -13.13%
- Fidelity Minerals has Ret. on assets of -13.13%
- Australian Mines has Ret. on assets of -13.12%
- Axion Ventures has Ret. on assets of -13.12%