TNE News: Many Would Be Envious Of Technology One's (ASX:TNE) Excellent Returns On Capital - 2nd Nov 2022, 1:26pm

[annb0t]

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount 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 Technology One (ASX:TNE) looks attractive right now, so lets see what the trend of returns can tell us.
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