Published on 20 Apr 2024 on Simply Wall St. via Yahoo Finance
Most readers would already be aware that Marathon Petroleum's (NYSE:MPC) stock increased significantly by 28% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to Marathon Petroleum's ROE today.
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.