ANN News: Return Trends At Ansell (ASX:ANN) Aren't Appealing - 18th Dec 2023, 9:12am

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There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, 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 Ansell (ASX:ANN) has the makings of a multi-bagger going forward, ...

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