FPH News: Fisher & Paykel Healthcare (NZSE:FPH) Will Want To Turn Around Its Return Trends - 7th Mar 2023, 2:19pm

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Did you know there are some financial metrics that can provide clues of a potential 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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. In light of that, when we looked at Fisher & Paykel Healthcare (NZSE:FPH) and its ROCE trend, we weren't ex...

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