Published on 14 Mar 2024 on Simply Wall St. via Yahoo Finance
Avnet (NASDAQ:AVT) has had a great run on the share market with its stock up by a significant 6.6% over the last month. Since the market usually pay for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to Avnet'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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
See our latest analysis for Avnet