Published on 21 Aug 2022 on Simply Wall St. via Yahoo Finance
II-VI Incorporated's (NASDAQ:IIVI) Stock Is Going Strong: Have Financials A Role To Play?
II-VI's (NASDAQ:IIVI) stock is up by a considerable 6.2% over the past month. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. In this article, we decided to focus on II-VI'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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
View our latest analysis for II-VI