Published on 1 Apr 2024 on Simply Wall St. via Yahoo Finance

Charles River Laboratories International, Inc.'s (NYSE:CRL) Stock Is Going Strong: Is the Market...

Charles River Laboratories International (NYSE:CRL) has had a great run on the share market with its stock up by a significant 16% over the last 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. In this article, we decided to focus on Charles River Laboratories International's ROE.

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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

Check out our latest analysis for Charles River Laboratories International