Tourism Holdings' (NZSE:THL) Returns On Capital Not Reflecting Well On The Business

Tourism Holdings' (NZSE:THL) Returns On Capital Not Reflecting Well On The Business

To identify potential multi-bagger stocks, look for companies with increasing Returns on Capital Employed (ROCE) and growing capital employed. Despite Tourism Holdings' declining ROCE trend, its reinvestment for growth and higher sales show promise, despite a 28% stock decline in the last five years.

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