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If you're looking for a multi-bagger, there's a few things to keep an eye out for. 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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after investigating Nanosonics (ASX:NAN), we don't think it's current trends fit the mold of a multi-bagger....
>>> Read more: There Are Reasons To Feel Uneasy About Nanosonics' (ASX:NAN) Returns On Capital
>>> Read more: There Are Reasons To Feel Uneasy About Nanosonics' (ASX:NAN) Returns On Capital
