REH News: Reece (ASX:REH) Will Want To Turn Around Its Return Trends - 14th Feb 2024, 9:03am

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To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. However, after briefly looking over the numbers, we don't think Reece (ASX:REH) has the makings of a multi-bagger going forward, but let's have a look a...

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