Beer makers’ return on capital leaves room for improved efficiency

by | November 27, 2017 2:48 am



Many successful fund managers say a company’s return on capital is the most important indicator of its quality. This is because it measures the extent to which management firm has deployed shareholder’s resources in generating higher profit. Consider three companies, Nigerian Breweries (NB), International Breweries and Guinness Nigeria, which operate in the same industry sector….

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