CDA News: Investors Shouldn't Overlook The Favourable Returns On Capital At Codan (ASX:CDA) - 29th Mar 2022, 7:46pm

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What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing 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. Ergo, when we looked at the ROCE trends at Codan (ASX:CDA), we liked what we saw.

What is Return On Capit...

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