Published on 14 Apr 2023 on Simply Wall St. via Yahoo Finance
South32 Limited's (ASX:S32) Stock Is Going Strong: Is the Market Following Fundamentals?
South32 (ASX:S32) has had a great run on the share market with its stock up by a significant 6.0% over the last week. 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. Particularly, we will be paying attention to South32's ROE today.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.
View our latest analysis for South32