Published on 4 Feb 2024 on Simply Wall St. via Yahoo Finance

Is Wesfarmers Limited's (ASX:WES) Recent Stock Performance Influenced By Its Fundamentals In Any...

Most readers would already be aware that Wesfarmers' (ASX:WES) stock increased significantly by 11% over the past three months. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Particularly, we will be paying attention to Wesfarmers' ROE today.

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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.

Check out our latest analysis for Wesfarmers