NXT News: Capital Allocation Trends At NEXTDC (ASX:NXT) Aren't Ideal - 25th Oct 2023, 12:51pm

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Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Having said that, from a first glance at NEXTDC (ASX:NXT) we aren't jumping out of our chairs at how returns...

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