Published on 21 Mar 2021 on Simply Wall St. via Yahoo Finance
Most readers would already be aware that Woolworths Group's (ASX:WOW) stock increased significantly by 5.1% over the past month. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Woolworths Group's ROE.
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 Woolworths Group