SM1 News: Synlait Milk's (NZSE:SML) Returns On Capital Not Reflecting Well On The Business - 7th Mar 2023, 9:33am

[annb0t]

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. In light of that, when we looked at Synlait Milk (NZSE:SML) and its ROCE trend, we weren't exactly thrilled.

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