AX1 News: The Returns On Capital At Accent Group (ASX:AX1) Don't Inspire Confidence - 19th Dec 2022, 9:37am

[annb0t]

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing 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. Although, when we looked at Accent Group (ASX:AX1), it didn't seem to tick all of these boxes.

Return On Cap...

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