Is Mohawk Industries, Inc.’s (NYSE:MHK) Stock Price Struggling As A Result Of Its Mixed Financials?
With its stock down 19% over the past week, it is easy to disregard Mohawk Industries (NYSE:MHK). We, however decided to study the company’s financials to determine if they have got anything to do with the price decline. Fundamentals usually dictate market outcomes so it makes sense to study the company’s financials. Particularly, we will be paying attention to Mohawk Industries’ ROE today.
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.
Check out our latest analysis for Mohawk Industries
Return on equity can be calculated by using the formula:
