The declining ROCE and reduced capital employed in the business are concerning. The increase in the ratio of current liabilities to total assets, which has impacted the ROCE, also brings some risks. Given these underlying trends, it may be worth considering other investment options.

Despite inconsistent earnings growth and poor performance, the company's high P/E ratio indicates investor optimism for a business turnaround. However, without significant improvement in medium-term conditions, the share price may decline, potentially disappointing existing shareholders.