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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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Having said that, from a first glance at Newcrest Mining (ASX:NCM) we aren't jumping out of our chairs at how returns ar...
>>> Read more: Investors Met With Slowing Returns on Capital At Newcrest Mining (ASX:NCM)
>>> Read more: Investors Met With Slowing Returns on Capital At Newcrest Mining (ASX:NCM)
