Covestro AG Ret. on assets
What is the Ret. on assets of Covestro AG?
The Ret. on assets of Covestro AG is -2.34%
What is the definition of Ret. on assets?
Return on assets indicates how profitable a company’s assets are in generating revenue. It is computed by dividing net income by average total assets.
ttm (trailing twelve months)
The return on assets (ROA) tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. It's a useful number for comparing competing companies in the same industry. The number will vary widely across different industries. Return on assets gives an indication of the capital intensity of the company, which will depend on the industry; companies that require large initial investments will generally have lower return on assets. ROAs over 5% are generally considered good.
Ret. on assets 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 assets similar to Covestro AG
- Deutsche Effecten & Wechsel Beteiligungs AG has Ret. on assets of -2.36%
- Good PLC has Ret. on assets of -2.35%
- Huajin International has Ret. on assets of -2.35%
- BRF S.A has Ret. on assets of -2.34%
- Aeon Metals has Ret. on assets of -2.34%
- Andover Mining has Ret. on assets of -2.34%
- Covestro AG has Ret. on assets of -2.34%
- Klondike Silver has Ret. on assets of -2.34%
- Ascent Resources plc has Ret. on assets of -2.33%
- Hot Chili has Ret. on assets of -2.33%
- Hot Chili has Ret. on assets of -2.33%
- Walchand Peoplefirst has Ret. on assets of -2.33%
- Essar Shipping has Ret. on assets of -2.33%