ERD News: EROAD (NZSE:ERD) Is Doing The Right Things To Multiply Its Share Price - 28th Jul 2022, 11:14am

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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? 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. So on that note, EROAD (NZSE:ERD) looks quite promising in regards to its trends of return on capital.

Understanding Return On Capit...

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