FPH News: Capital Allocation Trends At Fisher & Paykel Healthcare (NZSE:FPH) Aren't Ideal - 30th Jun 2024, 7:31am

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If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Fisher & Paykel Healthcare (NZSE:FPH) we aren't jumping out of ou...

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