
Incannex Healthcare Ltd
ASX:IHL

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 |
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Incannex Healthcare Ltd
ASX:IHL
|
43.3m AUD |
-32%
|
|
US |
![]() |
Eli Lilly and Co
NYSE:LLY
|
750.9B USD |
14%
|
|
UK |
![]() |
Dechra Pharmaceuticals PLC
LSE:DPH
|
440.4B GBP |
-2%
|
|
US |
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Johnson & Johnson
NYSE:JNJ
|
366.3B USD |
12%
|
|
DK |
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Novo Nordisk A/S
CSE:NOVO B
|
1.9T DKK |
27%
|
|
CH |
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Roche Holding AG
SIX:ROG
|
206.3B CHF |
9%
|
|
CH |
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Novartis AG
SIX:NOVN
|
186.1B CHF |
13%
|
|
UK |
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AstraZeneca PLC
LSE:AZN
|
158.9B GBP |
7%
|
|
US |
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Merck & Co Inc
NYSE:MRK
|
200.5B USD |
16%
|
|
IE |
E
|
Endo International PLC
LSE:0Y5F
|
163.5B USD |
-51%
|
|
US |
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Pfizer Inc
NYSE:PFE
|
137.9B USD |
4%
|
Incannex Healthcare Ltd
Glance View
Incannex Healthcare Ltd. is a cannabinoid and psychedelic compound medicine development company. The company is headquartered in Melbourne, Victoria. The company went IPO on 2007-05-23. The company is a clinical stage pharmaceutical development company. The firm is engaged in developing medicinal cannabis pharmaceutical products and psychedelic medicine therapies. Its product candidate IHL-42X is developing a combination of acetazolamide and dronabinol to reduce the apnea hypopnea index (AHI), IHL-216A is a combination of isoflurane and CBD to prevent development of traumatic brain injury (TBI)/concussion, HL-675A comprises a combination of hydroxychloroquine and CBD in prevention and treatment of inflammatory lung conditions (ARDS, COPD, asthma, and bronchitis), rheumatoid arthritis and inflammatory bowel diseases and Psi-GAD is providing Psychedelic-assisted psychotherapy for Generalized Anxiety Disorder (GAD).

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 Incannex Healthcare Ltd's most recent financial statements, the company has ROA of -31.6%.