MND News: Monadelphous Group (ASX:MND) Is Reinvesting At Lower Rates Of Return - 2nd Nov 2023, 3:12pm

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Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing 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. Although, when we looked at Monadelphous Group (ASX:MND), it didn't seem to tick all of these boxes.

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