Shandong Himile Mechanical Stock Return On Asset

002595 Stock   48.77  2.21  4.34%   
Shandong Himile Mechanical fundamentals help investors to digest information that contributes to Shandong Himile'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 Himile'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 Himile 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 Himile Mechanical Company Return On Asset Analysis

Shandong Himile'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 Himile Return On Asset

    
  0.12  
Most of Shandong Himile'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 Himile Mechanical 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

11.97 Billion

At present, Shandong Himile's Total Assets are projected to increase significantly based on the last few years of reporting.
Based on the latest financial disclosure, Shandong Himile Mechanical has a Return On Asset of 0.1227. This is 124.06% lower than that of the Machinery sector and significantly higher than that of the Industrials industry. The return on asset for all China stocks is 187.64% 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 Himile'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 Himile could also be used in its relative valuation, which is a method of valuing Shandong Himile by comparing valuation metrics of similar companies.
Shandong Himile is currently under evaluation in return on asset category among its peers.

Shandong Fundamentals

About Shandong Himile Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Shandong Himile Mechanical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shandong Himile using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shandong Himile Mechanical 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 Himile 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 Himile security.