Shandong Hongchuang Aluminum Stock Return On Asset

002379 Stock   7.32  0.07  0.97%   
Shandong Hongchuang Aluminum fundamentals help investors to digest information that contributes to Shandong Hongchuang's financial success or failures. It also enables traders to predict the movement of Shandong Stock. The fundamental analysis module provides a way to measure Shandong Hongchuang's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Shandong Hongchuang stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Shandong Hongchuang Aluminum Company Return On Asset Analysis

Shandong Hongchuang's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

 = 

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current Shandong Hongchuang Return On Asset

    
  -0.0228  
Most of Shandong Hongchuang's fundamental indicators, such as Return On Asset, 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, Shandong Hongchuang Aluminum is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition

Shandong Total Assets

Total Assets

2.94 Billion

At present, Shandong Hongchuang's Total Assets are projected to decrease significantly based on the last few years of reporting.
Based on the latest financial disclosure, Shandong Hongchuang Aluminum has a Return On Asset of -0.0228. This is 103.08% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on asset for all China stocks is 83.71% lower than that of the firm.

Shandong Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Shandong Hongchuang's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Shandong Hongchuang could also be used in its relative valuation, which is a method of valuing Shandong Hongchuang by comparing valuation metrics of similar companies.
Shandong Hongchuang is currently under evaluation in return on asset category among its peers.

Shandong Fundamentals

About Shandong Hongchuang Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Shandong Hongchuang Aluminum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shandong Hongchuang using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shandong Hongchuang Aluminum based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Other Information on Investing in Shandong Stock

Shandong Hongchuang financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong Hongchuang security.