Published on 17 Jul 2023 on Simply Wall St. via Yahoo Finance
Most readers would already be aware that Teekay's (NYSE:TK) stock increased significantly by 5.6% over the past month. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on Teekay's ROE.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
See our latest analysis for Teekay