IPL News: Incitec Pivot (ASX:IPL) Is Doing The Right Things To Multiply Its Share Price - 24th May 2023, 7:39am

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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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Incitec Pivot's (ASX:IPL) returns on capital, so...

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