BLX News: Be Wary Of Beacon Lighting Group (ASX:BLX) And Its Returns On Capital - 25th May 2023, 12:05pm

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If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Looking at Beacon Lighting Group (ASX:BLX), it does have a high ROCE right now, but lets see how returns are trendi...

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