JHX News: James Hardie Industries (ASX:JHX) Is Reinvesting To Multiply In Value - 5th Jun 2023, 3:24pm

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There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount 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. So, when we ran our eye over James Hardie Industries' (ASX:JHX) trend of ROCE, we really liked what we s...

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