WOW 0.14% $35.07 woolworths group limited

WOW...radical thought...stick to RETAILING, page-311

  1. 5,432 Posts.
    lightbulb Created with Sketch. 542
    These senators need a lesson in business valuation

    different business use different metrics for valuations and performance, you cant compared banks ROE against Woolies ROE, you need to compared against its peers as banks profitability is usually measure on Return on Equity.

    retails usually use gross margin or net margin as a measure of business performance

    you can also use a combination of metrics but to cherry picked a figure like ROE and said you profiteering is just political stunts
    woolies net profit margin is 4-5% and Coles is around 3% mark

    are you profiteering when you sell stuff for a $1 and you profit 3-5c after all the cost and tax?
    hell Aldi has even higher net profit margin of around 7-8%

    poor Coles and Woolies get drag through the mud for political grandstanding
 
watchlist Created with Sketch. Add WOW (ASX) to my watchlist
(20min delay)
Last
$35.07
Change
-0.050(0.14%)
Mkt cap ! $42.84B
Open High Low Value Volume
$35.11 $35.19 $34.83 $51.06M 1.457M

Buyers (Bids)

No. Vol. Price($)
1 1703 $35.07
 

Sellers (Offers)

Price($) Vol. No.
$35.08 8379 2
View Market Depth
Last trade - 16.10pm 17/09/2024 (20 minute delay) ?
WOW (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.