Published on 10 Oct 2023 on Simply Wall St. via Yahoo Finance
Boasting A 39% Return On Equity, Is Admiral Group plc (LON:ADM) A Top Quality Stock?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. To keep the lesson grounded in practicality, we'll use ROE to better understand Admiral Group plc (LON:ADM).
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
Check out our latest analysis for Admiral Group