IVC News: There Are Reasons To Feel Uneasy About InvoCare's (ASX:IVC) Returns On Capital - 2nd May 2023, 6:39am

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There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Although, when we looked at InvoCare (ASX:IVC), it didn't seem to tick all of these boxes.

What Is Return On Capital Employed (ROCE)?

For those that aren...

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