Will the Promising Trends At ABC Taiwan Electronics (GTSM:3236) Continue?
By
February 11, 2021
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven
return on capital employed (ROCE) that is increasing, and secondly, an expanding
base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Speaking of which, we noticed some great changes in
ABC Taiwan Electronics' (GTSM:3236) returns on capital, so let's have a look.
What is Return On Capital Employed (ROCE)?