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 %. Zhejiang Baida Precision Manufacturing's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 0.00%.
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, Zhejiang Baida Precision Manufacturing's WACC % is 10.34%. Zhejiang Baida Precision Manufacturing's ROC % is 3.83% (calculated using TTM income statement data).
Zhejiang Baida Precision Manufacturing 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.
Zhejiang Baida Precision Manufacturing ROC % Related Terms
Zhejiang Baida Precision Manufacturing 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 four times the quarterly (Mar. 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.
Zhejiang Baida Precision Manufacturing (SHSE:603331) has a ROC % of 0.00% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Zhejiang Baida Precision Manufacturing and its competitors.
Is Zhejiang Baida Precision Manufacturing's ROC % too high?
Zhejiang Baida Precision Manufacturing's current ROC % is 0.00%. Overall, Zhejiang Baida Precision Manufacturing has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Baida Precision Manufacturing's ROC % compare to ORLY and AZO?
Zhejiang Baida Precision Manufacturing's ROC % of 0.00% can be compared against companies in the Vehicles & Parts industry. The industry median ROC % is 5.05. 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 5.05, based on 1,309 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 Zhejiang Baida Precision Manufacturing and its competitors. For the Vehicles & Parts industry, the median ROC % is 5.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Baida Precision Manufacturing's current ROC % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Baida Precision Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Baida Precision Manufacturing (SHSE:603331) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥9.76, compared to a current price of ¥11.40 — trading 16.8% above its estimated fair value. The current ROC % is 0.00%. Zhejiang Baida Precision Manufacturing's overall GF Score™ is 67/100 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 Zhejiang Baida Precision Manufacturing (SHSE:603331), the current ROC % is 0.00% as of Mar. 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 Zhejiang Baida Precision Manufacturing (SHSE:603331) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Baida Precision Manufacturing stock appears to be overvalued.
The current stock price of ¥11.40 is trading 16.8% above its estimated GF Value™ of ¥9.76.
GuruFocus considers Zhejiang Baida Precision Manufacturing to be Modestly Overvalued.
Key valuation signals for SHSE:603331:
ROC %: 0.00%
GF Value™: ¥9.76 vs. price of ¥11.40 (16.8% above fair value)
No single metric tells the full story. See the SHSE:603331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Baida Precision Manufacturing Corp is engaged in the research and development, manufacturing and sales of various compressor and auto parts. Its products include core components of the compressor - blades, balance blocks, and cross ring connectors as well as automotive parts - power generation claw pole, brake caliper piston, starter series (switch housing, static iron core, moving iron core, deceleration shaft), drive train columns (spline sleeves, spline shafts, ferrules), and steering series.
67GF Score
Get the complete analysis for SHSE:603331
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
SHSE:603331 has been successfully added to your 
