NXT News: NEXTDC (ASX:NXT) Will Be Hoping To Turn Its Returns On Capital Around - 26th Feb 2025, 7:19am

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If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. 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. In light of that, when we looked at NEXTDC (ASX:NXT) and its ROCE trend, we weren't exac...

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