Published on 6 Nov 2022 on Simply Wall St. via Yahoo Finance
Do Its Financials Have Any Role To Play In Driving South32 Limited's (ASX:S32) Stock Up Recently?
Most readers would already be aware that South32's (ASX:S32) stock increased significantly by 5.8% over the past week. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. In this article, we decided to focus on South32's 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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
See our latest analysis for South32