Published on 17 Apr 2024 on Simply Wall St. via Yahoo Finance
Freightways Group Limited's (NZSE:FRW) Stock Has Shown A Decent Performance: Have Financials A Role...
Freightways Group's (NZSE:FRW) stock up by 4.3% over the past month. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Freightways Group's ROE in this article.
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. Put another way, it reveals the company's success at turning shareholder investments into profits.