Published on 29 May 2024 on Simply Wall St. via Yahoo Finance
With its stock down 11% over the past three months, it is easy to disregard Johnson & Johnson (NYSE:JNJ). However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. In this article, we decided to focus on Johnson & Johnson's ROE.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.