Published on 29 May 2023 on Simply Wall St. via Yahoo Finance
Is Canadian Tire Corporation, Limited's (TSE:CTC.A) 16% ROE Strong Compared To Its Industry?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Canadian Tire Corporation, Limited (TSE:CTC.A).
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
View our latest analysis for Canadian Tire Corporation