Fortinet's Soaring Returns and Reinvested Earnings Make It a Compounding Machine

Fortinet has a high 29% return on capital employed (ROCE) which is increasing over time

High and rising ROCE indicates Fortinet is a compounding machine, continually reinvesting earnings at higher rates of return

Over the last 5 years, Fortinet's ROCE has substantially increased from 11% to 29%

Fortinet's capital employed has also increased 167% over the last 5 years, showing it is profitably reinvesting capital

Total shareholder return was 268% over the last 5 years, indicating investors expect more growth based on strong fundamentals