SKC News: SkyCity Entertainment Group's (NZSE:SKC) Returns On Capital Not Reflecting Well On The Business - 29th Jun 2022, 10:32am

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Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase? Businesses in decline often have two underlying trends, firstly, a declining return on capital employed (ROCE) and a declining base of capital employed. Basically the company is earning less on its investments and it is also reducing its total assets. So after glancing at the trends within SkyCity Entertainment Group (NZSE:SKC), we weren't too hopeful.

What is Return On Capita...

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