IEL News: Returns On Capital At IDP Education (ASX:IEL) Paint A Concerning Picture - 5th Aug 2023, 9:15am

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If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So while IDP Education (ASX:IEL) has a high ROCE right now, lets see what we can decipher from ...

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