Published on 6 May 2024 on Simply Wall St. via Yahoo Finance
Marks and Spencer Group plc's (LON:MKS) Stock Has Fared Decently: Is the Market Following Strong...
Most readers would already know that Marks and Spencer Group's (LON:MKS) stock increased by 5.4% over the past three months. Given its impressive performance, we decided to study the company's key financial indicators as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Marks and Spencer Group's ROE in this article.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.