Rongsheng Petrochemical Co Ltd
SZSE:002493
ROE
Return on Equity
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
ROE Across Competitors
| Country | Company | Market Cap | ROE | ||
|---|---|---|---|---|---|
| CN |
|
Rongsheng Petrochemical Co Ltd
SZSE:002493
|
81.9B CNY |
2%
|
|
| SA |
|
Saudi Basic Industries Corporation SJSC
SAU:2010
|
228.3B SAR |
0%
|
|
| ID |
|
Chandra Asri Petrochemical Tbk PT
IDX:TPIA
|
856.4T IDR |
-2%
|
|
| ID |
|
Chandra Asri Pacific PT Tbk
OTC:PTPIF
|
45.6B USD |
-2%
|
|
| US |
|
Dow Inc
NYSE:DOW
|
21.5B USD |
2%
|
|
| UK |
|
LyondellBasell Industries NV
NYSE:LYB
|
19.7B USD |
8%
|
|
| IN |
|
Solar Industries India Ltd
NSE:SOLARINDS
|
1.5T INR |
31%
|
|
| CN |
|
Hengli Petrochemical Co Ltd
SSE:600346
|
105.6B CNY |
11%
|
|
| KR |
|
LG Chem Ltd
KRX:051910
|
16.1T KRW |
-3%
|
|
| CN |
|
Zhejiang Juhua Co Ltd
SSE:600160
|
76.4B CNY |
14%
|
|
| JP |
|
Toray Industries Inc
TSE:3402
|
1.5T JPY |
5%
|
Rongsheng Petrochemical Co Ltd
Glance View
Rongsheng Petrochemical Co., Ltd., grounded in the bustling heart of China's industrial sector, stands as a testament to the country's rapid ascent in the petrochemical landscape. Founded in 2007, the company quickly evolved from its humble beginnings as a regional player into a major name on the global stage. At its core, Rongsheng specializes in refining crude oil and transforming it into a diverse range of petroleum products and chemical goods. Their operations extend across the entire value chain, from refining and processing to the commercial sale of essential petrochemical materials such as ethylene and polyester, which are pivotal in the manufacturing of everyday products ranging from textiles to packaging materials. The company’s impressive growth narrative is heavily anchored in its integrated refining complex at the Zhoushan Archipelago, a strategic location that offers access to crucial shipping lanes and robust infrastructure. This facility, among the largest in China, not only streamlines production with its state-of-the-art technologies but also reduces costs through economies of scale. Rongsheng’s profitability is driven by its ability to produce high-demand, high-margin petrochemical products while maintaining operational efficiencies. Furthermore, the company thrives by leveraging vertical integration and strategic partnerships to enhance its supply chain reliability and market reach, ensuring it remains a formidable force in the petrochemical industry.
See Also
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
Based on Rongsheng Petrochemical Co Ltd's most recent financial statements, the company has ROE of 1.7%.
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