EMXSOE tends to have high profitability metrics (ROE, ROA) and growth estimates, resulting in exposure to quality and growth factors.

Source: https://seekingalpha.com/article/4618512-diversifying-em-exposure-using-wisdomtree-strategies?source=feed_all_articles

If net income remains the same, lower assets create a higher return on assets (ROA).

Source: https://www.forbes.com/sites/investor-hub/2023/07/31/best-buyback-stocks/

Launched in 2019, the ROA Accreditation Scheme, assessed by AA Hospitality Services, independently reviews the raceday experience of owners using a defined set of criteria, providing each course with a quality mark based on performance.

Source: https://www.leaderlive.co.uk/news/23293038.bangor-races-celebrate-achieving-cold-standard-award-2022/?ref=rss

The company sits a very solid asset/liabilities ratio of 1.52 right now and has been able to achieve a ROA of over 16% as a result of its strong investment strategy so far, primarily investing and acquiring quartz mines as noted in the last report.

Source: https://seekingalpha.com/article/4605981-ferroglobe-valuation-low-ignore-benefit-from?source=feed_all_articles

The image above illustrates another critical metric for any bank - Return on Assets (ROA).

Source: https://seekingalpha.com/article/4632751-banco-macro-lagging-its-peers?source=feed_all_articles

This has translated to a ~20% cash ROA from ’18-’22.

Source: https://seekingalpha.com/article/4638887-quipt-home-medical-on-hold-pending-confirmatory-data-points?source=feed_all_articles