Renforth Financial Statements From 2010 to 2024
| RFHRF Stock | USD 0.01 0.0002 2.27% |
Check Renforth Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Renforth Resources' main balance sheet or income statement drivers, such as , as well as many indicators such as . Renforth financial statements analysis is a perfect complement when working with Renforth Resources Valuation or Volatility modules.
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Renforth Resources OTC Stock Return On Equity Analysis
Renforth Resources' 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 efficiently a company utilizes investments to generate income.
Current Renforth Resources Return On Equity | -1.74 |
Most of Renforth Resources' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Renforth Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the 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.
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Based on the latest financial disclosure, Renforth Resources has a Return On Equity of -1.7396. This is 291.16% lower than that of the Basic Materials sector and notably lower than that of the Gold industry. The return on equity for all United States stocks is notably higher than that of the company.
Renforth Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Renforth Resources's current stock value. Our valuation model uses many indicators to compare Renforth Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Renforth Resources competition to find correlations between indicators driving Renforth Resources's intrinsic value. More Info.Renforth Resources is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Renforth Resources' earnings, one of the primary drivers of an investment's value.About Renforth Resources Financial Statements
Renforth Resources stakeholders use historical fundamental indicators, such as Renforth Resources' revenue or net income, to determine how well the company is positioned to perform in the future. Although Renforth Resources investors may analyze each financial statement separately, they are all interrelated. For example, changes in Renforth Resources' assets and liabilities are reflected in the revenues and expenses on Renforth Resources' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Renforth Resources. Please read more on our technical analysis and fundamental analysis pages.
Renforth Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. Renforth Resources Inc. is headquartered in Pickering, Canada. Renforth Resources is traded on OTC Exchange in the United States.
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Other Information on Investing in Renforth OTC Stock
Renforth Resources financial ratios help investors to determine whether Renforth OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Renforth with respect to the benefits of owning Renforth Resources security.