Published on 26 May 2024 on Simply Wall St. via Yahoo Finance
Should You Be Excited About BlackLine, Inc.'s (NASDAQ:BL) 26% Return On Equity?
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). By way of learning-by-doing, we'll look at ROE to gain a better understanding of BlackLine, Inc. (NASDAQ:BL).
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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.