Date: Mar 21, 2018
Shares of China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK) have seen the needle move -0.84% or -0.002 in the most recent session. The HKSE listed company saw a recent bid of 0.235 on 1054000 volume.Stock market investors are typically searching for solid quality companies to help boost the portfolio. There are plenty of quality companies out there, the tricky part may be determining what constitutes as quality. Many investors look for companies that are solid sales leaders within a market that is growing. Going further, investors may be studying a company’s proven track record and gauging the competence of current management. Adding other factors such as brand recognition and prospects for steady growth, investors may eventually find a company that is worth taking the risk for future returns.
Turning to Return on Assets or ROA, China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK) has a current ROA of -18.91. This is a profitability ratio that measures net income generated from total company assets during a given period. This ratio reveals how quick a company can turn it’s assets into profits. In other words, the ratio provides insight into the profitability of a firm’s assets. The ratio is calculated by dividing total net income by the average total assets.
A higher ROA compared to peers in the same industry, would suggest that company management is able to effectively generate profits from their assets. Similar to the other ratios, a lower number might raise red flags about management’s ability when compared to other companies in a similar sector.
