TAG Oil Ret. on equity
What is the Ret. on equity of TAG Oil?
The Ret. on equity of TAG Oil Ltd. is -4.04%
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 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 equity similar to TAG Oil
- Image Resources NL has Ret. on equity of -4.07%
- Repro India has Ret. on equity of -4.07%
- Ourgame International has Ret. on equity of -4.07%
- One Experience SA has Ret. on equity of -4.07%
- The Peria Karamalai Tea and Produce has Ret. on equity of -4.05%
- FinServ Acquisition Corp has Ret. on equity of -4.05%
- TAG Oil has Ret. on equity of -4.04%
- Huabao International has Ret. on equity of -4.04%
- SL Green Realty has Ret. on equity of -4.03%
- Advent-AWI has Ret. on equity of -4.03%
- Esprinet S.p.A has Ret. on equity of -4.03%
- West Kirkland Mining Inc has Ret. on equity of -4.02%
- Welcast Steels has Ret. on equity of -4.02%