Vestis (NYSE:VSTS) Faces Uncertainty Amid Declining ROCE and Capital Employed Trends

Vestis' return on capital employed (ROCE) has declined from 4.4% four years ago to 3.3% today, indicating a mature business with little growth. The same amount of capital employed suggests a lack of investment. This trend and the company's 49% depreciation in the last year raise concerns about its future.