Published on 28 Apr 2024 on Simply Wall St. via Yahoo Finance
Most readers would already know that Krones' (ETR:KRN) stock increased by 7.9% over the past three months. Given its impressive performance, we decided to study the company's key financial indicators as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to Krones' ROE today.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.