AX1 News: Returns On Capital Signal Tricky Times Ahead For Accent Group (ASX:AX1) - 4th Jul 2022, 2:45pm

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There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after briefly looking over the numbers, we don't think Accent Group (ASX:AX1) has the makings of a multi-bagger going forward, b...

>>> Read more: Returns On Capital Signal Tricky Times Ahead For Accent Group (ASX:AX1)
 
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