Returns At California Resources (NYSE:CRC) Appear To Be Weighed Down

By Yahoo! Finance | Jun 19, 2024 at 06:29 AM EST

Understanding Return on Capital Employed (ROCE) can help identify potential multi-bagger companies. California Resources (NYSE:CRC) has an ROCE of 8.4%, below the industry average. With decreasing capital employed and flat returns, it raises concerns despite the stock's recent gains.

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