FRAMEWORKS / QUALITY
LENS 03 · QUALITY · 2 FRAMEWORKS
Durable returns on capital
Two depths of the same question — does this business earn high returns on capital, and can it keep doing so? — one quantitative, one read fifteen points deep in the filings.
Quality Compounder
IN THE TRADITION OF MODERN QUALITY-COMPOUNDING RESEARCH
Businesses that earn persistently high returns on invested capital and can reinvest at those rates. The compounding case rests on durability evidence, not on a single good year.
How Quality Compounder reads the filings →ROIC persistence across years, a gross-margin floor, cash conversion, and share-count and stock-pay discipline.
The moat evidence behind the returns, reinvestment runway in the business description, and capital-allocation discipline in MD&A.
15-Point Qualitative
IN THE TRADITION OF PHILIP FISHER'S FIFTEEN-POINT QUALITATIVE METHOD
Fifteen qualitative points — product runway, sales organization, R&D productivity, management depth and candor — read from what the filings actually disclose and scored in six groups, with unknowns kept visible.
How 15-Point Qualitative reads the filings →A quality pre-screen: scale, profitability, R&D presence, and growth consistent with a durable franchise.
All fifteen points read from the filings and scored in six groups, each backed by evidence or marked unknown — candor about problems counts.
Every framework on this page can be forked in the Strategy Lab — forking copies a built-in framework into your own editable version, so you can adjust its screening criteria without changing the original. Framework titles describe the method; practitioner names appear only as attribution — no methodology here is endorsed by or affiliated with the practitioners named. The glossary defines the filings and metrics these frameworks read.