IGO Ltd
ASX:IGO
ROA
Return on Assets
ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number 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. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.
ROA Across Competitors
| Country | Company | Market Cap | ROA | ||
|---|---|---|---|---|---|
| AU |
|
IGO Ltd
ASX:IGO
|
2.9B AUD |
-32%
|
|
| AU |
|
BHP Group Ltd
ASX:BHP
|
194B AUD |
11%
|
|
| AU |
|
Rio Tinto Ltd
ASX:RIO
|
182.8B AUD |
11%
|
|
| UK |
|
Rio Tinto PLC
LSE:RIO
|
71.5B GBP |
11%
|
|
| CH |
|
Glencore PLC
LSE:GLEN
|
34.5B GBP |
-1%
|
|
| MX |
|
Grupo Mexico SAB de CV
BMV:GMEXICOB
|
827.9B MXN |
10%
|
|
| SA |
|
Saudi Arabian Mining Company SJSC
SAU:1211
|
154.3B SAR |
3%
|
|
| UK |
|
Anglo American PLC
LSE:AAL
|
29.5B GBP |
-5%
|
|
| ZA |
A
|
African Rainbow Minerals Ltd
JSE:ARI
|
31.1B Zac |
5%
|
|
| IN |
|
Hindustan Zinc Ltd
NSE:HINDZINC
|
1.9T INR |
31%
|
|
| CN |
|
CMOC Group Ltd
SSE:603993
|
155.5B CNY |
9%
|
IGO Ltd
Glance View
IGO Ltd, an Australian-based company, has carved a distinct niche for itself in the mining and exploration industry. Journeying beyond the typical iron ore and coal sectors that Australia is known for, IGO has embraced the metals essential to modern technology and renewable energy. Their strategic focus is primarily on nickel, copper, and cobalt—critical components for batteries and electronic devices. The company's operations are centered around several prominent projects, such as the Nova Nickel-Copper-Cobalt operation in Western Australia, which represents a cornerstone of their production. Through these projects, IGO harnesses its expertise in mineral exploration and extraction, working to ensure a steady supply of materials indispensable to the burgeoning demand for electric vehicles (EVs) and renewable energy solutions. The essence of IGO's business model is its integrated approach, which encompasses exploration, production, and development, ensuring a seamless pipeline from the discovery phase to market delivery. This is complemented by its forward-thinking environmental, social, and governance (ESG) practices, as IGO consistently looks to minimize its environmental footprint and engage positively with local communities. Their revenue streams are robustly anchored in the global market's demand for high-quality metals, tapping into partnerships and sales agreements with key players in the global supply chain of modern technology. By aligning its growth trajectory with the global shift towards cleaner energy and sustainable practices, IGO positions itself as a vital player in the ongoing "green metals" narrative, contributing not just to its bottom line but also to broader societal transformations.
See Also
ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number 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. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.
Based on IGO Ltd's most recent financial statements, the company has ROA of -32.4%.
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