Published on 9 May 2024 on Simply Wall St. via Yahoo Finance
Are Robust Financials Driving The Recent Rally In ADF Group Inc.'s (TSE:DRX) Stock?
ADF Group's (TSE:DRX) stock is up by a considerable 88% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on ADF Group'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.