Published on 18 Dec 2020 on Simply Wall St. via Yahoo Finance
Do Its Financials Have Any Role To Play In Driving Wesfarmers Limited's (ASX:WES) Stock Up Recently?
Wesfarmers (ASX:WES) has had a great run on the share market with its stock up by a significant 16% over the last three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. 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. Put another way, it reveals the company's success at turning shareholder investments into profits.
See our latest analysis for Wesfarmers