Covestro AG Profit margin
What is the Profit margin of Covestro AG?
The Profit margin of Covestro AG is -1.38%
What is the definition of Profit margin?
Profit margin is a measure of profitability and is calculated by finding the net profit as a percentage of the revenue.
lfy (last fiscal year)
Profit margin is calculated with the selling price (or revenue) taken as base times 100. It is the percentage of selling price that is turned into profit. Profit percentages are calculated to find the ratio of profit to cost of an investment. Profit margin is an indicator of a company's pricing strategies and how well it controls costs. Differences in competitive strategy and product mix cause the profit margin to vary among different companies. The profit margin is used mostly for internal comparisons. It is difficult to accurately compare the net profit ratio for different entities. Individual businesses' operating and financing arrangements vary so much that different entities are bound to have different levels of expenditure, so that comparison of one with another can have little meaning. A low profit margin indicates a low margin of safety: higher risk that a decline in sales will erase profits and result in a net loss, or a negative margin.
Profit margin 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 profit margin similar to Covestro AG
- Bisu Technology International has Profit margin of -1.39%
- Battalion Oil has Profit margin of -1.38%
- Dominate has Profit margin of -1.38%
- Battalion Oil Corp has Profit margin of -1.38%
- National Fertilizers has Profit margin of -1.38%
- ACTIA S.A has Profit margin of -1.38%
- Covestro AG has Profit margin of -1.38%
- Wall Street Finance has Profit margin of -1.38%
- Sumit Woods has Profit margin of -1.37%
- Redwood Trust has Profit margin of -1.37%
- Ashok Leyland has Profit margin of -1.37%
- Pay has Profit margin of -1.36%
- Allegheny Technologies has Profit margin of -1.36%