CDA News: Codan (ASX:CDA) Is Aiming To Keep Up Its Impressive Returns - 7th Sep 2022, 9:04am

[annb0t]

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base 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. Ergo, when we looked at the ROCE trends at Codan (ASX:CDA), we liked what we saw.

What Is Return On Capital Employed (ROCE)?

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