Anhui Great Wall Military Industry, a mature business showing signs of aging, has declining ROCE and lack of growth in capital employed. These negative trends, reflected in the company's depreciating stock price, lower its prospects of becoming a multi-bagger.

The company's low ROE and earnings growth, despite retaining most profits, is concerning. Investors may not benefit from reinvestment of these profits. Approach the company's performance with caution.

Anhui Great Wall Military Industry's downward ROCE trend and stable capital suggest a maturing business possibly facing margin pressures. Such trends might hinder high future returns. Caution may be needed for future investments unless underlying trends improve.