Commercial Vehicle Group's ROCE Decline: A Cause for Concern

Commercial Vehicle Group's return on capital employed (ROCE) has declined from 3.7% to 1.3% over the past five years, underperforming the Machinery industry average of 11%. Capital employed has remained relatively flat during this time. The company's stock has dropped 80% over the past five years, and investors are recognizing these changes and are not optimistic about the company's prospects.