Tuhu Car (HKSE:09690) ROC %: 3.33% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

HKSE:09690 Tuhu Car Inc HKSE:09690
38 GF Score
Price HK$11.62
! 3 Warning Signs
View Full Analysis

What is Tuhu Car ROC %?

Tuhu Car HKSE:09690 -0.34% 38 ROC % is 3.33% as of Dec. 2025. GuruFocus rates HKSE:09690 with a GF Score™ of 38/100. The stock has 3 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Tuhu Car's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 3.33%.

As of today (2026-08-09), Tuhu Car's WACC % is 10.45%. Tuhu Car's ROC % is 3.52% (calculated using TTM income statement data). Tuhu Car earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Tuhu Car  (HKSE:09690) 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, Tuhu Car's WACC % is 10.45%. Tuhu Car's ROC % is 3.52% (calculated using TTM income statement data). Tuhu Car 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.


Tuhu Car ROC % Related Terms


Tuhu Car ROC % Historical Data

* Premium members only.

The historical data trend for Tuhu Car's ROC % can be seen below:

* 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.

Tuhu Car ROC % Chart

Tuhu Car Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC %
Get a 7-Day Free Trial -32.71 -20.49 3.49 5.29 3.36

Tuhu Car Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 8.25 6.39 5.07 3.89 3.33
HKSE:09690
38GF Score
Tuhu Car Inc HKSE:09690
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tuhu Car ROC % Calculation

Tuhu Car's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=231.902 * ( 1 - 0.73% )/( (6669.398 + 7052.834)/ 2 )
=230.2091154/6861.116
=3.36 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13663.255 - 5748.581 - ( 4750.383 - max(0, 7686.095 - 8931.371+4750.383))
=6669.398

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=14914.989 - 6543.902 - ( 5173.667 - max(0, 8495.459 - 9813.712+5173.667))
=7052.834

Tuhu Car's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=214.282 * ( 1 - 0% )/( (5809.536 + 7052.834)/ 2 )
=214.282/6431.185
=3.33 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13785.425 - 6535.605 - ( 4806.976 - max(0, 7561.584 - 9001.868+4806.976))
=5809.536

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=14914.989 - 6543.902 - ( 5173.667 - max(0, 8495.459 - 9813.712+5173.667))
=7052.834

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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 3.33% mean?
Tuhu Car (HKSE:09690) has a ROC % of 3.33% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Tuhu Car and its competitors.
Is Tuhu Car's ROC % too high?
Tuhu Car's current ROC % is 3.33%. The Vehicles & Parts industry median ROC % is 5.02. Tuhu Car's value of 3.33% is 33.7% below this industry median. Overall, Tuhu Car has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Tuhu Car's ROC % compare to ORLY and AZO?
Tuhu Car's ROC % of 3.33% can be compared against companies in the Vehicles & Parts industry. The industry median ROC % is 5.02. Tuhu Car's value of 3.33% is 33.7% below 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 5.02, based on 1,306 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. Tuhu Car's current ROC % of 3.33% is 33.7% below 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 Tuhu Car and its competitors. For the Vehicles & Parts industry, the median ROC % is 5.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tuhu Car's current ROC % is 3.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tuhu Car stock overvalued right now?
Tuhu Car (HKSE:09690) has a current ROC % of 3.33%. The current ROC % is 3.33% and 33.7% below the Vehicles & Parts industry median of 5.02. Tuhu Car's overall GF Score™ is 38/100 with 3 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 Tuhu Car (HKSE:09690), the current ROC % is 3.33% 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.

Tuhu Car Business Description

Other Exchanges L83:Germany
Address 1999 Yishan Road, 8th Floor Building 24, Minhang District, Shanghai, CHN
Tuhu Car Inc operates an integrated online and offline platform for automotive services in China. Through its flagship TUHU Automotive Service app and other online interfaces, the company streamlines diverse car service needs, delivering a digital and on-demand experience. Its offline network includes self-operated Tuhu workshops, franchised Tuhu workshops, and third-party partner stores. The company serves the majority of passenger vehicle models, offering products and services such as tires and chassis parts, auto maintenance, repair, car detailing, auto accessories, and related installation services. It also provides advertising, franchise, and SaaS solutions to participants on its platform. All operations are conducted within the People's Republic of China.
38GF Score

Get the complete analysis for HKSE:09690

ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$11.62
Price