SIQ News: Smartgroup (ASX:SIQ) Knows How To Allocate Capital Effectively - 28th Oct 2023, 10:03am

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Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, the ROCE of Smartgroup (ASX:SIQ) looks great, so lets see what th...

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