ALD News: The Returns On Capital At Ampol (ASX:ALD) Don't Inspire Confidence - 14th Jul 2024, 10:32am

[annb0t]

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. In light of that, when we looked at Ampol (ASX:ALD) and its ROCE trend, we weren't exactly thrilled.

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