Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) ROC %: -44.06% (As of Dec. 2025)

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HKSE:09903 Shanghai Iluvatar CoreX Semiconductor Co Ltd HKSE:09903
9 GF Score
Price HK$404.80
! 2 Warning Signs
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What is Shanghai Iluvatar CoreX Semiconductor Co ROC %?

Shanghai Iluvatar CoreX Semiconductor Co HKSE:09903 +10.54% 9 ROC % is -44.06% as of Dec. 2025. GuruFocus rates HKSE:09903 with a GF Score™ of 9/100. The stock has 2 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 %. Shanghai Iluvatar CoreX Semiconductor Co's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was -44.06%.

As of today (2026-08-27), Shanghai Iluvatar CoreX Semiconductor Co's WACC % is 10.59%. Shanghai Iluvatar CoreX Semiconductor Co's ROC % is -62.80% (calculated using TTM income statement data). Shanghai Iluvatar CoreX Semiconductor Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Shanghai Iluvatar CoreX Semiconductor Co  (HKSE:09903) 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, Shanghai Iluvatar CoreX Semiconductor Co's WACC % is 10.59%. Shanghai Iluvatar CoreX Semiconductor Co's ROC % is -62.80% (calculated using TTM income statement data). Shanghai Iluvatar CoreX Semiconductor 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.

Shanghai Iluvatar CoreX Semiconductor Co ROC % Related Terms

Shanghai Iluvatar CoreX Semiconductor Co ROC % Historical Data

* Premium members only.

The historical data trend for Shanghai Iluvatar CoreX Semiconductor Co'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.

Shanghai Iluvatar CoreX Semiconductor Co ROC % Chart

Shanghai Iluvatar CoreX Semiconductor Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
ROC %
-106.91 -94.70 -74.48 -62.22

Shanghai Iluvatar CoreX Semiconductor Co Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
ROC % Get a 7-Day Free Trial 0.00 -67.09 -82.89 -90.07 -44.06
HKSE:09903
9GF Score
Shanghai Iluvatar CoreX Semiconductor Co Ltd HKSE:09903
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Iluvatar CoreX Semiconductor Co ROC % Calculation

Shanghai Iluvatar CoreX Semiconductor Co'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 )
=-1081.041 * ( 1 - 0% )/( (1181.618 + 2293.161)/ 2 )
=-1081.041/1737.3895
=-62.22 %

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))
=1799.214 - 282.814 - ( 334.782 - max(0, 939.503 - 1347.773+334.782))
=1181.618

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))
=4321.676 - 366.234 - ( 1662.281 - max(0, 1228.922 - 3791.455+1662.281))
=2293.161

Shanghai Iluvatar CoreX Semiconductor Co'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 )
=-870.122 * ( 1 - 0% )/( (1656.748 + 2293.161)/ 2 )
=-870.122/1974.9545
=-44.06 %

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))
=3891.923 - 261.262 - ( 1973.913 - max(0, 957.055 - 3466.711+1973.913))
=1656.748

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))
=4321.676 - 366.234 - ( 1662.281 - max(0, 1228.922 - 3791.455+1662.281))
=2293.161

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 -44.06% mean?
Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) has a ROC % of -44.06% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Shanghai Iluvatar CoreX Semiconductor Co and its competitors.
Is Shanghai Iluvatar CoreX Semiconductor Co's ROC % too high?
Shanghai Iluvatar CoreX Semiconductor Co's current ROC % is -44.06%. Overall, Shanghai Iluvatar CoreX Semiconductor Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Shanghai Iluvatar CoreX Semiconductor Co's ROC % compare to NVDA and AVGO?
Shanghai Iluvatar CoreX Semiconductor Co's ROC % of -44.06% can be compared against companies in the Semiconductors industry. The industry median ROC % is 4.63. 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 4.63, based on 1,016 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 Shanghai Iluvatar CoreX Semiconductor Co and its competitors. For the Semiconductors industry, the median ROC % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Iluvatar CoreX Semiconductor Co's current ROC % is -44.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Iluvatar CoreX Semiconductor Co stock overvalued right now?
Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) has a current ROC % of -44.06%. The current ROC % is -44.06%. Shanghai Iluvatar CoreX Semiconductor Co's overall GF Score™ is 9/100 with 2 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 Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903), the current ROC % is -44.06% 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.

Shanghai Iluvatar CoreX Semiconductor Co Business Description

Address No. 2168 Chenhang Road, Room 101, Building 3, Minhang District, Shanghai, CHN
Shanghai Iluvatar CoreX Semiconductor Co Ltd offers GPGPU products and AI computing solutions across diverse industries. Its product portfolio includes GPGPU chips and accelerators, as well as customized AI computing solutions, including GPGPU servers and clusters, that combine its hardware with proprietary software stack to address specific customer needs in training and inference scenarios. The company specializes in the research, design, and deployment of advanced GPGPU products and AI computing solutions across diverse industries. Geographically, it operates in Chinese Mainland; and Hong Kong, of which it derives maximum revenue from Chinese Mainland.
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ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$404.80
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