Is Drax Group plc's (LON:DRX) Stock's Recent Performance Being Led By Its Attractive Financial Prospects? [Yahoo! Finance]
DRAX GROUP UNSP/ADR (DRXGY)
NASDAQ:AMEX Investor Relations:
drax.com/investors
Company Research
Source: Yahoo! Finance
Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Drax Group's ROE in this article. 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. See our latest analysis for Drax Group How Is ROE Calculated? Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Drax Group is: 30% = UK£653m ÷ UK£2.2b (Based on the trailing twelve months to June 2024). The 'return' is the profit over the last twelve months. Another way to think of that is that for every £1 worth of equity, the company was able to earn £0.30 in profit. What Is The Relationship Between ROE And Earnings Growth? Thus
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