It is hard to get excited after looking at China Tourism Group Duty Free’s (SHSE:601888) recent performance, when its stock has declined 12% over the past three months. However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to China Tourism Group Duty Free’s 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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
Check out our latest analysis for China Tourism Group Duty Free
How Do You Calculate Return On Equity?
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