Newcrest and the hidden cost of weak R.O.E.

The normalised return on equity of listed companies is at recessionary levels.

Much is written, and there is a continuing debate, regarding Australia’s productivity performance. In doing so, there is a proper focus on the output of labour.

In particular, there is much analysis on the output per man-hour and the cost of that output. This is absolutely important information to help analyse the relative performance of Australia in a world trade or economic performance context.


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