Published on 27 Dec 2023 on Simply Wall St. via Yahoo Finance
Are Robust Financials Driving The Recent Rally In Bunzl plc's (LON:BNZL) Stock?
Bunzl (LON:BNZL) has had a great run on the share market with its stock up by a significant 10% over the last three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Specifically, we decided to study Bunzl's ROE in this article.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
See our latest analysis for Bunzl