TNE News: Shareholders Are Optimistic That Technology One (ASX:TNE) Will Multiply In Value - 26th May 2022, 10:52am

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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'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Ergo, when we looked at the ROCE trends at Technology One (ASX:TNE), we liked what we saw.

Return On Capital Employed (RO...

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