Aecon Group Inc.’s (TSE:ARE) Stock’s Been Going Strong: Could Weak Financials Mean The Market Will Correct Its Share Price?
Aecon Group’s (TSE:ARE) stock is up by a considerable 23% over the past month. However, we decided to pay close attention to its weak financials as we are doubtful that the current momentum will keep up, given the scenario. Specifically, we decided to study Aecon 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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
How Do You Calculate Return On Equity?
The formula for return on equity is:
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