Business
2 ASX shares that are growing rapidly
There are some ASX shares that are growing revenue and profit rapidly.
Many investors look at revenue and profit growth as measures as how to value a business.
Here are two of the fastest-growing companies right now:
Temple & Webster Group Ltd (ASX: TPW)
Temple & Webster is an online-only furniture and homewares retailer. It has over 180,000 products on sale from hundreds of suppliers. It operates a drop-shipping model, where products are sent directly to customers from suppliers which enables faster delivery times and reducing inventory requirements and also allowing a larger product range.
The ASX share also has a private label range which is sourced directly by the company from overseas suppliers.
In FY20 the company achieved…
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