Published on 19 Apr 2024 on Simply Wall St. via Yahoo Finance
Has Best Buy Co., Inc. (NYSE:BBY) Stock's Recent Performance Got Anything to Do With Its Financial...
Best Buy's (NYSE:BBY) stock is up by 7.0% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to investigate if the company's decent financials had a hand to play in the recent price move. In this article, we decided to focus on Best Buy's ROE.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.