Published on 21 Aug 2023 on Simply Wall St. via Yahoo Finance
Woolworths Group Limited (ASX:WOW) Stock's Been Sliding But Fundamentals Look Decent: Will The...
With its stock down 3.5% over the past month, it is easy to disregard Woolworths Group (ASX:WOW). However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study Woolworths Group's ROE in this article.
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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
See our latest analysis for Woolworths Group