RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE
Novo Resources Stock

Novo Resources ROA 2024

Novo Resources ROA

-1.2

Ticker

NVO.TO

ISIN

CA67010B1022

WKN

A1JG38

In 2024, Novo Resources's return on assets (ROA) was -1.2, a 191.75% increase from the -0.41 ROA in the previous year.

Novo Resources Aktienanalyse

What does Novo Resources do?

Novo Resources ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Novo Resources's Return on Assets (ROA)

Novo Resources's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Novo Resources's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Novo Resources's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Novo Resources’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Novo Resources stock

What is the Return on Assets (ROA) of Novo Resources this year?

The Return on Assets (ROA) of Novo Resources is -1.2 undefined this year.

What was the ROA of Novo Resources compared to the previous year?

The ROA of Novo Resources has increased by 191.75% compared to the previous year.

What consequences do high ROA have for investors of Novo Resources?

A high ROA is advantageous for investors of Novo Resources, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Novo Resources?

A low ROA can be unfavorable for investors of Novo Resources as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Novo Resources affect the company?

An increase in ROA of Novo Resources can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Novo Resources impact the company?

A reduction in the ROA of Novo Resources can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Novo Resources?

Some factors that can influence the ROA of Novo Resources include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Novo Resources important for investors?

The ROA of Novo Resources is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Novo Resources take to improve ROA?

To improve ROA, Novo Resources can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

How much dividend does Novo Resources pay?

Over the past 12 months, Novo Resources paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Novo Resources is expected to pay a dividend of 0 CAD.

What is the dividend yield of Novo Resources?

The current dividend yield of Novo Resources is .

When does Novo Resources pay dividends?

Novo Resources pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Novo Resources?

Novo Resources paid dividends every year for the past 0 years.

What is the dividend of Novo Resources?

For the upcoming 12 months, dividends amounting to 0 CAD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Novo Resources located?

Novo Resources is assigned to the 'Commodities' sector.

Wann musste ich die Aktien von Novo Resources kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Novo Resources from 11/29/2024 amounting to 0 CAD, you needed to have the stock in your portfolio before the ex-date on 11/29/2024.

When did Novo Resources pay the last dividend?

The last dividend was paid out on 11/29/2024.

What was the dividend of Novo Resources in the year 2023?

In the year 2023, Novo Resources distributed 0 CAD as dividends.

In which currency does Novo Resources pay out the dividend?

The dividends of Novo Resources are distributed in CAD.

Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.

The Novo Resources stock can be added to a savings plan with the following providers: Trade Republic

Andere Kennzahlen von Novo Resources

Our stock analysis for Novo Resources Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Novo Resources Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.