Published on 29 Dec 2023 on Simply Wall St. via Yahoo Finance
Daily Journal Corporation's (NASDAQ:DJCO) Stock Is Going Strong: Have Financials A Role To Play?
Daily Journal (NASDAQ:DJCO) has had a great run on the share market with its stock up by a significant 19% over the last three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to Daily Journal's ROE today.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
See our latest analysis for Daily Journal