Should You Be Impressed By Enlight Renewable Energy s (TLV:ENLT) Returns on Capital?
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February 04, 2021 If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we ll want to notice a trend of growing
return on capital employed (ROCE) and alongside that, 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. In light of that, when we looked at
Enlight Renewable Energy (TLV:ENLT) and its ROCE trend, we weren t exactly thrilled. Understanding Return On Capital Employed (ROCE)