Smith & Wesson Brands' ROCE Falls to 3.6% Amidst Decline in Sales and Capital Utilization

Smith & Wesson Brands has a low ROCE of 3.6%, underperforming the Leisure industry average of 7.9%. The company's ROCE has trended downward over the past five years, from 59% to 3.6%, despite increasing capital utilization. This suggests that the company's investments may not be generating significant returns, and it may take time for earnings to improve.