ALQ News: ALS' (ASX:ALQ) Returns Have Hit A Wall - 2nd Aug 2024, 9:55am

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Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. That's why when we briefly looked at ALS' (ASX:ALQ) ROCE trend, we...

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