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ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Maike Tube Industry Holdings's annualized return on capital (ROC %) for the quarter that ended in Jun. 2026 was 6.04%.
As of today (2026-09-05), Maike Tube Industry Holdings's WACC % is 8.67%. Maike Tube Industry Holdings's ROC % is 7.71% (calculated using TTM income statement data).
Maike Tube Industry Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Maike Tube Industry Holdings (HKSE:01553) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Maike Tube Industry Holdings's WACC % is 8.67%. Maike Tube Industry Holdings's ROC % is 7.71% (calculated using TTM income statement data).
Maike Tube Industry Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Maike Tube Industry Holdings ROC % Related Terms
Maike Tube Industry Holdings ROC % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note:
The Operating Income data used here is two times the semi-annual (Jun. 2026) data.
The tax rate is limited to between 0% and 100%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Maike Tube Industry Holdings (HKSE:01553) has a ROC % of 6.04% as of Jun. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Maike Tube Industry Holdings and its competitors.
Is Maike Tube Industry Holdings' ROC % too high?
Maike Tube Industry Holdings' current ROC % is 6.04%. The Steel industry median ROC % is 2.87. Maike Tube Industry Holdings' value of 6.04% is 110.5% above this industry median. Overall, Maike Tube Industry Holdings has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Maike Tube Industry Holdings' ROC % compare to NUE and STLD?
Maike Tube Industry Holdings' ROC % of 6.04% can be compared against companies in the Steel industry. The industry median ROC % is 2.87. Maike Tube Industry Holdings' value of 6.04% is 110.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Steel company?
The median ROC % among Steel companies is 2.87, based on 619 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Maike Tube Industry Holdings's current ROC % of 6.04% is 110.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Maike Tube Industry Holdings and its competitors. For the Steel industry, the median ROC % is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maike Tube Industry Holdings's current ROC % is 6.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maike Tube Industry Holdings stock overvalued right now?
Based on GuruFocus' analysis, Maike Tube Industry Holdings (HKSE:01553) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.97, compared to a current price of HK$1.52 — trading 56.7% above its estimated fair value. The current ROC % is 6.04% and 110.5% above the Steel industry median of 2.87. Maike Tube Industry Holdings' overall GF Score™ is 68/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Maike Tube Industry Holdings (HKSE:01553), the current ROC % is 6.04% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Maike Tube Industry Holdings (HKSE:01553) Overvalued in 2026?
Based on GuruFocus' analysis, Maike Tube Industry Holdings stock appears to be overvalued.
The current stock price of HK$1.52 is trading 56.7% above its estimated GF Value™ of HK$0.97.
GuruFocus considers Maike Tube Industry Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01553:
ROC %: 6.04%
GF Value™: HK$0.97 vs. price of HK$1.52 (56.7% above fair value)
No single metric tells the full story. See the HKSE:01553 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maike Tube Industry Holdings Ltd is an investment holding company. The company, through its subsidiaries, is engaged in the manufacturing of steel pipe products and prefabricated pipe nipple products. Its steel pipe products are made through rolling steel plates and welding the seam, and are mainly used for gas, water supply, HVAC, and fire extinguishing. The group offers ERW steel pipes, Standard prefabricated pipe nipples, Spiral Submerged Arc Welded steel pipes, Customised steel pipes, and Design and supply assembled piping systems. It has a business presence in the PRC, the United States of America, Europe, and Other countries, of which a majority of revenue is generated from the PRC.
68GF Score
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