Published on 14 Mar 2024 on Simply Wall St. via Yahoo Finance
Cargojet Inc.'s (TSE:CJT) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The...
It is hard to get excited after looking at Cargojet's (TSE:CJT) recent performance, when its stock has declined 7.7% over the past month. However, stock prices are usually driven by a company’s financials over the long term, which in this case look pretty respectable. Particularly, we will be paying attention to Cargojet's ROE today.
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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
See our latest analysis for Cargojet