Published on 17 Jun 2023 on Simply Wall St. via Yahoo Finance
Is Cochlear Limited's (ASX:COH) Recent Stock Performance Influenced By Its Financials In Any Way?
Cochlear's (ASX:COH) stock up by 4.3% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to investigate if the company's decent financials had a hand to play in the recent price move. In this article, we decided to focus on Cochlear'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. Put another way, it reveals the company's success at turning shareholder investments into profits.
View our latest analysis for Cochlear