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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? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after investigating Coles Group (ASX:COL), we don't think it's current trends fit the mold...
>>> Read more: Returns On Capital Signal Tricky Times Ahead For Coles Group (ASX:COL)
>>> Read more: Returns On Capital Signal Tricky Times Ahead For Coles Group (ASX:COL)
