AX1 News: Declining Stock and Decent Financials: Is The Market Wrong About Accent Group Limited (ASX:AX1)? - 6th Jun 2022, 11:51am

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With its stock down 22% over the past three months, it is easy to disregard Accent Group (ASX:AX1). However, stock prices are usually driven by a company’s financials over the long term, which in this case look pretty respectable. Particularly, we will be paying attention to Accent Group's ROE today.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relatio...

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