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What are the early trends we should look for to identify a stock that could multiply in value over the long term? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So, when we ran our eye over Ampol's (ASX:ALD) trend of ROCE, we really liked what we saw.
Return On Capital Employed (ROCE): What I...
>>> Read more: Ampol (ASX:ALD) Might Become A Compounding Machine
Return On Capital Employed (ROCE): What I...
>>> Read more: Ampol (ASX:ALD) Might Become A Compounding Machine
