BLX News: Beacon Lighting Group (ASX:BLX) Is Reinvesting To Multiply In Value - 16th Dec 2022, 12:34pm

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What are the early trends we should look for to identify a stock that could 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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So, when we ran our eye over Beacon Lighting Group's (ASX:BLX) trend of ROCE, we really liked what we ...

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