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There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. In light of that, when we looked at Elders (ASX:ELD) and its ROCE trend, we weren't exactly thrilled.
Understanding Return On Capital Employed (ROCE)
If you hav...
>>> Read more: Returns On Capital At Elders (ASX:ELD) Paint A Concerning Picture
Understanding Return On Capital Employed (ROCE)
If you hav...
>>> Read more: Returns On Capital At Elders (ASX:ELD) Paint A Concerning Picture