Published on 28 May 2024 on Simply Wall St. via Yahoo Finance
Could The Market Be Wrong About Reckitt Benckiser Group plc (LON:RKT) Given Its Attractive Financial...
It is hard to get excited after looking at Reckitt Benckiser Group's (LON:RKT) recent performance, when its stock has declined 24% over the past three months. However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to Reckitt Benckiser Group's ROE today.
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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.