SKC News: SkyCity Entertainment Group (NZSE:SKC) Is Reinvesting At Lower Rates Of Return - 6th Dec 2022, 12:30pm

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If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at SkyCity Entertainment Group (NZSE:SKC) we aren't jumping out of our chairs at how returns ...

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