IEL News: Returns On Capital At IDP Education (ASX:IEL) Paint A Concerning Picture - 21st Feb 2023, 3:30pm

[annb0t]

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Looking at IDP Education (ASX:IEL), it does have a high ROCE right now, but lets see how returns are trending.

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