Covestro AG Ret. on equity
What is the Ret. on equity of Covestro AG?
The Ret. on equity of Covestro AG is -4.81%
What is the definition of Ret. on equity?
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Ret. on equity of companies in the Materials sector on XETRA compared to Covestro AG
What does Covestro AG do?
Covestro AG develops, produces, and markets polymer materials for various industries. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties (CAS). The Polyurethanes segment develops, produces, and markets chemical precursors, such as diphenylmethane diisocyanate, toluene diisocyanate, and polyether polyol, which are used primarily in the furniture, construction, and automotive industries. The Polycarbonates segment provides high-performance plastic polycarbonates in the form of granules, composite materials, and semi-finished products for use in the automotive, construction, electrical and electronic, medical technology, and lighting industries. The CAS segment offers precursors for coatings, adhesives, and sealants, as well as specialties. This segment also provides polymer materials and aqueous dispersions for use in automotive and transportation, infrastructure and construction, wood processing, and furniture applications. The company markets its products through trading houses and distributors. It operates in Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China. The company was founded in 1863 and is headquartered in Leverkusen, Germany.
Companies with ret. on equity similar to Covestro AG
- AstraZeneca Plc has Ret. on equity of -4.84%
- Rubicon Organics has Ret. on equity of -4.84%
- EMX Royalty Corp has Ret. on equity of -4.83%
- Dexin China has Ret. on equity of -4.82%
- Core Lithium Ltd has Ret. on equity of -4.82%
- Ashima has Ret. on equity of -4.82%
- Covestro AG has Ret. on equity of -4.81%
- Heska has Ret. on equity of -4.81%
- Pentamedia Graphics has Ret. on equity of -4.81%
- New Millennium Iron Corp has Ret. on equity of -4.80%
- 7439367 has Ret. on equity of -4.80%
- Colorado Resources has Ret. on equity of -4.80%
- Mastech Digital Inc has Ret. on equity of -4.79%