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If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. In light of that, when we looked at Nanosonics (ASX:NAN) and its ROCE trend, we weren't exactly thri...
>>> Read more: Nanosonics' (ASX:NAN) Returns On Capital Not Reflecting Well On The Business
>>> Read more: Nanosonics' (ASX:NAN) Returns On Capital Not Reflecting Well On The Business
