ASX:ZIMMetals and Mining
Is Zimplats Holdings' (ASX:ZIM) Reinvestment Strategy Delivering Diminishing Returns on Capital?
In recent news as of October 2025, Zimplats Holdings has increased its capital investments, but its return on capital employed (ROCE) has continued a five-year slide from 24% to just 3.7%, trailing the Metals and Mining industry average of 9.2%.
This trend highlights a disconnect between ongoing reinvestment and immediate improvements in sales or earnings, raising questions about the near-term benefits of these capital deployments.
We'll next explore how the company's falling returns on...