AVJ News: The Returns On Capital At AVJennings (ASX:AVJ) Don't Inspire Confidence - 19th Jun 2023, 9:14am

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If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop up? Businesses in decline often have two underlying trends, firstly, a declining return on capital employed (ROCE) and a declining base of capital employed. This indicates the company is producing less profit from its investments and its total assets are decreasing. On that note, looking into AVJennings (ASX:AVJ), we weren't too upbeat about how things were going.

Return On Capit...

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