ASB News: Returns Are Gaining Momentum At Austal (ASX:ASB) - 10th Apr 2022, 9:18am

[annb0t]

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, we've noticed some promising trends at Austal (ASX:ASB) so let's look a bit deeper.

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