Published on 22 Sep 2020 on Simply Wall St. via Yahoo Finance
It is hard to get excited after looking at Woolworths Group's (ASX:WOW) recent performance, when its stock has declined 16% over the past three months. However, stock prices are usually driven by a company’s financials over the long term, which in this case look pretty respectable. Specifically, we decided to study Woolworths Group's ROE in this article.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.