SHL News: We Like These Underlying Return On Capital Trends At Sonic Healthcare (ASX:SHL) - 10th Apr 2023, 9:23am

[annb0t]

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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So when we looked at Sonic Healthcare (ASX:SHL) and its trend of ROCE, we really liked what we saw.

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