CIA News: Returns on Capital Paint A Bright Future For Champion Iron (ASX:CIA) - 7th Jan 2023, 8:59am

[annb0t]

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding 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. With that in mind, the ROCE of Champion Iron (ASX:CIA) looks great, so lets see what the trend can tell us.

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