June 10, 2013 (Chinavestor) Analyzing a firm’s financial statements can give a clear view of how well a company is performing and how their current circumstances can affect their future figures. Shareholders want maximum profit from what they invested and firms will try to seek out the best possible ways of catering to them while not defaulting on their debt repayments. Petrochina (NYSE:PTR) and Sinopec (NYSE:SNP) are two competing Oil & Gas companies based in Asia, both vying for dominance in an industry dependant on profits produced from substantial amount of assets. By analyzing their Return on Equity figures for prior years, making a comparison can highlight how well each firm does with regards to investor funds.
