Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how effecently a company utilizes investments to generate income.
Metanor
Return on Equity
=
Net Income
Total Equity
X
100
=
(5.61) %
For most industries Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Based on latest financial disclosure Metanor Resources Inc has Return On Equity of -5.61%. This is 54.65% lower than that of Basic Materials sector, and 86.33% lower than that of Gold industry, This indicator is about the same for all stocks average (which is currently at -5.6).
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