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Capital Allocation Part III: Return on Capital business strategy capital allocation financial analysis roic

We're wrapping up a 3-part series (here'sย part Iย andย part II) on capital allocation โ€“ the effective use of profits and cash flow โ€“ with a concept calledย Return on Invested Capital (ROIC). [Sometimes just called return on capital or ROC.]

First, a quick reminder of our balance sheet โ€“ we buy or buil...

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