CNX Resources: A Multi-Bagger in the Making with Rising ROCE and Increasing Capital Efficiency

CNX Resources has shown a trend of increasing return on capital employed (ROCE) to 5.5%, up from losses five years ago, with stable capital employed. This indicates potential for the company to reinvest and grow, making it a candidate for a multi-bagger stock. However, its ROCE is lower than the Oil and Gas industry average.