Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Jiangsu Zenergy Battery Technologies Group Co's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 7.31%.
Jiangsu Zenergy Battery Technologies Group Co (HKSE:03677) 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, Jiangsu Zenergy Battery Technologies Group Co's WACC % is 8.38%. Jiangsu Zenergy Battery Technologies Group Co's ROC % is 4.99% (calculated using TTM income statement data).
Jiangsu Zenergy Battery Technologies Group Co 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.
Jiangsu Zenergy Battery Technologies Group Co ROC % Related Terms
Jiangsu Zenergy Battery Technologies Group Co 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.
Jiangsu Zenergy Battery Technologies Group Co ROC % Chart
Jiangsu Zenergy Battery Technologies Group Co Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
ROC %
-7.90
-15.67
-5.98
-0.96
4.97
Jiangsu Zenergy Battery Technologies Group Co 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.
Jiangsu Zenergy Battery Technologies Group Co (HKSE:03677) has a ROC % of 7.31% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Jiangsu Zenergy Battery Technologies Group Co and its competitors.
Is Jiangsu Zenergy Battery Technologies Group Co's ROC % too high?
Jiangsu Zenergy Battery Technologies Group Co's current ROC % is 7.31%. The Vehicles & Parts industry median ROC % is 5.04. Jiangsu Zenergy Battery Technologies Group Co's value of 7.31% is 45.2% above this industry median. Overall, Jiangsu Zenergy Battery Technologies Group Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Zenergy Battery Technologies Group Co's ROC % compare to ORLY and AZO?
Jiangsu Zenergy Battery Technologies Group Co's ROC % of 7.31% can be compared against companies in the Vehicles & Parts industry. The industry median ROC % is 5.04. Jiangsu Zenergy Battery Technologies Group Co's value of 7.31% is 45.2% 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 Vehicles & Parts company?
The median ROC % among Vehicles & Parts companies is 5.04, based on 1,312 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. Jiangsu Zenergy Battery Technologies Group Co's current ROC % of 7.31% is 45.2% 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 Jiangsu Zenergy Battery Technologies Group Co and its competitors. For the Vehicles & Parts industry, the median ROC % is 5.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Zenergy Battery Technologies Group Co's current ROC % is 7.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Zenergy Battery Technologies Group Co stock overvalued right now?
Jiangsu Zenergy Battery Technologies Group Co (HKSE:03677) has a current ROC % of 7.31%. The current ROC % is 7.31% and 45.2% above the Vehicles & Parts industry median of 5.04. Jiangsu Zenergy Battery Technologies Group Co's overall GF Score™ is 11/100 with 5 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 Jiangsu Zenergy Battery Technologies Group Co (HKSE:03677), the current ROC % is 7.31% 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.
Jiangsu Zenergy Battery Technologies Group Co Ltd is a lithium-ion battery manufacturer in China. It is engaged in developing a multi-pathway portfolio of market-driven and technology-fueled battery products. It focuses on the Research and development, production, and sales of EV battery products, ESS battery products, and aviation battery products. It also provides integrated battery solutions, encompassing battery cells, modules, packs, racks, and battery management systems dedicated to applications of electrochemical products to interconnect land, sea, and air (LISA). Geographically, the company operates in Chinese mainland, which generates maximum revenue; European Union; and Other countries/regions.
11GF Score
Get the complete analysis for HKSE:03677
ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:03677 has been successfully added to your 
