COL News: Returns On Capital Signal Tricky Times Ahead For Coles Group (ASX:COL) - 1st Jun 2022, 6:14am

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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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after briefly looking over the numbers, we don't think Coles Group (ASX:COL) has the makings of a multi-ba...

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