Classic Minerals

Classic Minerals ROA

The Return on Assets (ROA) of Classic Minerals (CLZ.AX) as of Oct 16, 2026 is -148.11 %. In the previous year, Return on Assets (ROA) was -234.87 % — a change of -36.94% (higher).

ROA

-148.11 %

YoY

-36.94%

Last updated:

In 2024, Classic Minerals's return on assets (ROA) was -148.11 %, a -36.94% increase from the -234.87 % ROA in the previous year.

The Classic Minerals ROA history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROA
Date
ROA
Jan 1, 2017
-219.15 AUD
Jan 1, 2018
-97.79 AUD
Jan 1, 2019
-224.91 AUD
Jan 1, 2020
-429.20 AUD
Jan 1, 2021
-126.51 AUD
Jan 1, 2022
-138.12 AUD
Jan 1, 2023
-234.87 AUD
Jan 1, 2024
-148.11 AUD
The Classic Minerals ROA history
YEARROAYoY
-148.11 %-36.94%
-234.87 %+70.05%
-138.12 %+9.17%
-126.51 %-70.52%
-429.20 %+90.83%
-224.91 %+130.00%
-97.79 %-55.38%
-219.15 %-472.10%
58.89 %-108.00%
-736.01 %+1,177.34%
-57.62 %—

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Classic Minerals Stock analysis

What does Classic Minerals do? Classic Minerals Ltd, listed on the Australian Securities Exchange under the ticker CLZ.AX, is a mineral exploration company headquartered in Perth, Western Australia. The company went public on May 24, 2013, and focuses on exploring mineral resource-based projects, primarily targeting gold and nickel. It holds approximately 578 square kilometers of tenements across two regional exploration areas in Western Australia. The company's primary focus is on gold deposits within the Goldfields region, specifically at the Forrestania and Kat Gap projects. The Kat Gap Gold Project is situated about 170 kilometers south of Southern Cross and 50 kilometers south of the Forrestania Gold Project. The Forrestania Gold Project, located approximately 120 kilometers south of Southern Cross, includes the Lady Ada and Lady Magdalene deposits. Additionally, the company manages the Fraser Range Project (E28/1904), positioned roughly 40 kilometers northeast of the Sirius Nova deposit on the Fraser-Albany Mobile Belt, approximately 160 kilometers east-southeast of Kambalda. This project is interpreted to be of Proterozoic age. Classic Minerals holds about 28 kilometers of strike across 84 square kilometers of land. The company's exploration activities are centered on identifying and developing mineral resources in Western Australia's geologically rich regions, with an emphasis on gold and nickel. Classic Minerals is one of the most popular companies on Eulerpool.

ROA Details

Understanding Classic Minerals's Return on Assets (ROA)

Classic Minerals'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 Classic Minerals'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 Classic Minerals'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 Classic Minerals’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 Classic Minerals stock

Return on Assets (ROA) of Classic Minerals is -148.11 % in 2024.

Return on Assets (ROA) of Classic Minerals changed from -234.87 % to -148.11 %, representing a -36.94% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Return on Assets (ROA) Classic Minerals since 2006 – with annual values, charts, and detailed analysis.

Return on Assets, also known as ROA, is a financial metric used to measure a company's profitability. It is used to determine how effectively a company uses its assets to generate profits. It is also referred to as the ratio of net income to total assets. ROA is an important indicator of a company's overall financial performance as it measures the company's ability to generate more profit from the assets it employs.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Assets (ROA)'s Classic Minerals with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Assets (ROA)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Assets (ROA).

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Profitability — Classic Minerals

All Key Metrics — Classic Minerals