Published on 22 Apr 2024 on Simply Wall St. via Yahoo Finance
TD SYNNEX Corporation's (NYSE:SNX) Stock Is Going Strong: Have Financials A Role To Play?
TD SYNNEX's (NYSE:SNX) stock is up by a considerable 7.5% over the past month. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Specifically, we decided to study TD SYNNEX's ROE in this article.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.