The Ret. on assets of Wellfield Technologies Inc is -70.24%
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.
Wellfield Technologies Inc. engages in developing a blockchain-based infrastructure for financial services. It offers its products under the Seamless and MoneyClip brands. The company is headquartered in Markham, Canada.