Published on 23 May 2024 on Simply Wall St. via Yahoo Finance
With its stock down 7.5% over the past three months, it is easy to disregard Fastenal (NASDAQ:FAST). 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 Fastenal'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. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.