OCA News: Oceania Healthcare (NZSE:OCA) Might Be Having Difficulty Using Its Capital Effectively - 18th Dec 2022, 8:32am

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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? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after investigating Oceania Healthcare (NZSE:OCA), we don't think it's current trends fit the mold of a multi-bagger.

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