NHC News: We Like New Hope's (ASX:NHC) Returns And Here's How They're Trending - 15th Oct 2024, 7:02am

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Did you know there are some financial metrics that can provide clues of a potential 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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at the ROCE trend of New Hope (ASX:NHC) we really liked what we saw.

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