Published on 30 Mar 2024 on Simply Wall St. via Yahoo Finance
Boasting A 43% Return On Equity, Is The Clorox Company (NYSE:CLX) A Top Quality Stock?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. We'll use ROE to examine The Clorox Company (NYSE:CLX), by way of a worked example.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
Check out our latest analysis for Clorox