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Capital Investments At Paychex (NASDAQ:PAYX) Point To A Promising Future

By Yahoo! Finance   |   Jul 28, 2024 at 07:13 AM EST
Capital Investments At Paychex (NASDAQ:PAYX) Point To A Promising Future

To identify potential multi-bagger stocks, look for companies with increasing returns on capital employed (ROCE) and growing capital employed. Paychex (NASDAQ: PAYX) has a strong ROCE of 43%, outperforming its industry average of 14%.

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