Fortinet's Soaring Returns and Reinvested Earnings Make It a Compounding Machine
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Fortinet has a high 29% return on capital employed (ROCE) which is increasing over time
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High and rising ROCE indicates Fortinet is a compounding machine, continually reinvesting earnings at higher rates of return
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Over the last 5 years, Fortinet's ROCE has substantially increased from 11% to 29%
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Fortinet's capital employed has also increased 167% over the last 5 years, showing it is profitably reinvesting capital
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Total shareholder return was 268% over the last 5 years, indicating investors expect more growth based on strong fundamentals