FPH News: The Returns On Capital At Fisher & Paykel Healthcare (NZSE:FPH) Don't Inspire Confidence - 22nd Jan 2024, 7:30am

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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'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Having said that, from a first glance at Fisher & Paykel Healthcare (NZSE:FPH) we aren't jumping out of our chairs at how returns a...

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