Published on 18 Apr 2024 on Simply Wall St. via Yahoo Finance
Alta Equipment Group Inc. (NYSE:ALTG) Delivered A Weaker ROE Than Its Industry
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). We'll use ROE to examine Alta Equipment Group Inc. (NYSE:ALTG), by way of a worked example.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.