Published on 3 May 2024 on Simply Wall St. via Yahoo Finance
Enerpac Tool Group Corp.'s (NYSE:EPAC) Stock's On An Uptrend: Are Strong Financials Guiding The...
Most readers would already be aware that Enerpac Tool Group's (NYSE:EPAC) stock increased significantly by 15% over the past 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 Enerpac Tool Group's ROE in this article.
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.