Concerning Trends Emerge at Hello Group: ROCE Down 16% Over Five Years

Hello Group's return on capital employed (ROCE) has declined from 16% five years ago to 11% today. The company has also reduced its capital employed by 42% over the same period. This trend suggests a mature and shrinking business in structural decline, leading to a 37% stock decline over the past five years. Investors recognize these changes, and unless there is a shift to a more positive trend, the future outlook appears concerning.