WTC News: WiseTech Global (ASX:WTC) Has Some Way To Go To Become A Multi-Bagger - 16th Nov 2023, 8:57am

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If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should 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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So, when we ran our eye over WiseTech Global's (ASX:WTC) trend of ROCE, we liked ...

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