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If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. However, after briefly looking over the numbers, we don't think a2 Milk (NZSE:ATM) has the makings of a multi-bagger going forward, b...
>>> Read more: Be Wary Of a2 Milk (NZSE:ATM) And Its Returns On Capital
>>> Read more: Be Wary Of a2 Milk (NZSE:ATM) And Its Returns On Capital
