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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 %. Black Sesame International Holding's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was -128.56%.
As of today (2026-08-11), Black Sesame International Holding's WACC % is 10.14%. Black Sesame International Holding's ROC % is -150.28% (calculated using TTM income statement data).
Black Sesame International Holding earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Black Sesame International Holding (HKSE:02533) 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, Black Sesame International Holding's WACC % is 10.14%. Black Sesame International Holding's ROC % is -150.28% (calculated using TTM income statement data).
Black Sesame International Holding 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.
Black Sesame International Holding ROC % Related Terms
Black Sesame International Holding 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.
Black Sesame International Holding ROC % Chart
Black Sesame International Holding Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
ROC %
-13.56
-14.32
-15.51
-24.44
-148.05
Black Sesame International Holding Semi-Annual Data
Note:
The Operating Income data used here is two times the semi-annual (Dec. 2025) 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.
Black Sesame International Holding (HKSE:02533) has a ROC % of -128.56% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Black Sesame International Holding and its competitors.
Is Black Sesame International Holding's ROC % too high?
Black Sesame International Holding's current ROC % is -128.56%. Overall, Black Sesame International Holding has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Black Sesame International Holding's ROC % compare to NVDA and AVGO?
Black Sesame International Holding's ROC % of -128.56% can be compared against companies in the Semiconductors industry. The industry median ROC % is 3.95. 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 Semiconductors company?
The median ROC % among Semiconductors companies is 3.95, based on 1,013 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. 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 Black Sesame International Holding and its competitors. For the Semiconductors industry, the median ROC % is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Sesame International Holding's current ROC % is -128.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Sesame International Holding stock overvalued right now?
Black Sesame International Holding (HKSE:02533) has a current ROC % of -128.56%. The current ROC % is -128.56%. Black Sesame International Holding's overall GF Score™ is 5/100 with 6 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 Black Sesame International Holding (HKSE:02533), the current ROC % is -128.56% as of Dec. 2025. 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.
Black Sesame International Holding Ltd provides automotive-grade intelligent vehicle computing SoCs and SoC-based intelligent vehicle solutions. Its proprietary automotive-grade products (such as Huashan A2000, Huashan A1000, Wudang C1236, and Wudang C1296 series of chips) and technologies empower intelligent vehicles with mission-critical capabilities, such as autonomous driving, smart cockpits, imaging, and interconnection. The company offers full-stack autonomous driving capabilities to meet broad customer needs through SoCs and SoC-based solutions, powered by its in-house developed IP cores, algorithms, and support software. Geographically, the company derives a majority of its revenue from the People's Republic of China.
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