SHL News: Returns On Capital Are A Standout For Sonic Healthcare (ASX:SHL) - 1st Nov 2022, 8:03am

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To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. And in light of that, the trends we're seeing at Sonic Healthcare's (ASX:SHL) look ve...

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