YAL News: Returns on Capital Paint A Bright Future For Yancoal Australia (ASX:YAL) - 30th May 2024, 11:30am

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If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's 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. With that in mind, the ROCE of Yancoal Australia (ASX:YAL) loo...

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