SM1 News: Some Investors May Be Worried About Synlait Milk's (NZSE:SML) Returns On Capital - 28th Sep 2022, 5:08am

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If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. 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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after investigating Synlait Milk (NZSE:SML), we don't think it's current tren...

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