Rongsheng Petrochemical Co Stock Net Asset

002493 Stock   9.44  0.45  4.55%   
Rongsheng Petrochemical Co fundamentals help investors to digest information that contributes to Rongsheng Petrochemical's financial success or failures. It also enables traders to predict the movement of Rongsheng Stock. The fundamental analysis module provides a way to measure Rongsheng Petrochemical's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Rongsheng Petrochemical stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Rongsheng Petrochemical Co Company Net Asset Analysis

Rongsheng Petrochemical's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.

Net Asset

 = 

Current Market Value

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Current Liabilities

More About Net Asset | All Equity Analysis

Current Rongsheng Petrochemical Net Asset

    
  374.92 B  
Most of Rongsheng Petrochemical's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Rongsheng Petrochemical Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Rongsheng Total Assets

Total Assets

393.66 Billion

At present, Rongsheng Petrochemical's Total Assets are projected to increase significantly based on the last few years of reporting.
Based on the recorded statements, Rongsheng Petrochemical Co has a Net Asset of 374.92 B. This is much higher than that of the Chemicals sector and significantly higher than that of the Materials industry. The net asset for all China stocks is notably lower than that of the firm.

Rongsheng Net Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Rongsheng Petrochemical's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Rongsheng Petrochemical could also be used in its relative valuation, which is a method of valuing Rongsheng Petrochemical by comparing valuation metrics of similar companies.
Rongsheng Petrochemical is rated second in net asset category among its peers.

Rongsheng Fundamentals

About Rongsheng Petrochemical Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Rongsheng Petrochemical Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rongsheng Petrochemical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rongsheng Petrochemical Co based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Other Information on Investing in Rongsheng Stock

Rongsheng Petrochemical financial ratios help investors to determine whether Rongsheng Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Rongsheng with respect to the benefits of owning Rongsheng Petrochemical security.