Published on 30 Apr 2024 on Simply Wall St. via Yahoo Finance
How Good Is Turning Point Brands, Inc. (NYSE:TPB), When It Comes To ROE?
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 Turning Point Brands, Inc. (NYSE:TPB), by way of a worked example.
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. Put another way, it reveals the company's success at turning shareholder investments into profits.