Published on 7 Dec 2023 on Simply Wall St. via Yahoo Finance
Should You Be Concerned About The Gorman-Rupp Company's (NYSE:GRC) ROE?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. To keep the lesson grounded in practicality, we'll use ROE to better understand The Gorman-Rupp Company (NYSE:GRC).
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.
View our latest analysis for Gorman-Rupp