Published on 26 Aug 2023 on Simply Wall St. via Yahoo Finance
Has Wesfarmers Limited (ASX:WES) Stock's Recent Performance Got Anything to Do With Its Financial...
Most readers would already know that Wesfarmers' (ASX:WES) stock increased by 4.2% 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 Wesfarmers' ROE.
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. 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 Wesfarmers