NAN News: Nanosonics (ASX:NAN) May Have Issues Allocating Its Capital - 6th May 2022, 11:31am

[annb0t]

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing 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. Although, when we looked at Nanosonics (ASX:NAN), it didn't seem to tick all of these boxes.

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