NXT News: The Returns On Capital At NEXTDC (ASX:NXT) Don't Inspire Confidence - 8th Dec 2022, 3:26pm

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What are the early trends we should look for to identify a stock that could multiply in value over the long term? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing 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. Having said that, from a first glance at NEXTDC (ASX:NXT) we aren't jumping out of our chairs a...

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