JHX News: Shareholders Would Enjoy A Repeat Of James Hardie Industries' (ASX:JHX) Recent Growth In Returns - 13th Nov 2023, 2:13pm

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There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Speaking of which, we noticed some great changes in James Hardie Industries' (ASX:JHX) returns on capital, so let's have a look.
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