ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Guangdong Dcenti Auto-Parts Stock Co's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was -5.29%.
As of today (2026-07-01), Guangdong Dcenti Auto-Parts Stock Co's WACC % is 9.68%. Guangdong Dcenti Auto-Parts Stock Co's ROC % is -1.62% (calculated using TTM income statement data).
Guangdong Dcenti Auto-Parts Stock Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Guangdong Dcenti Auto-Parts Stock Co (SHSE:603335) 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, Guangdong Dcenti Auto-Parts Stock Co's WACC % is 9.68%. Guangdong Dcenti Auto-Parts Stock Co's ROC % is -1.62% (calculated using TTM income statement data).
Guangdong Dcenti Auto-Parts Stock 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.
Guangdong Dcenti Auto-Parts Stock Co ROC % Related Terms
Guangdong Dcenti Auto-Parts Stock 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.
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.
Guangdong Dcenti Auto-Parts Stock Co (SHSE:603335) has a ROC % of -5.29% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Guangdong Dcenti Auto-Parts Stock Co and its competitors.
Is Guangdong Dcenti Auto-Parts Stock Co's ROC % too high?
Guangdong Dcenti Auto-Parts Stock Co's current ROC % is -5.29%. Overall, Guangdong Dcenti Auto-Parts Stock Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Guangdong Dcenti Auto-Parts Stock Co's ROC % compare to ORLY and AZO?
Guangdong Dcenti Auto-Parts Stock Co's ROC % of -5.29% can be compared against companies in the Vehicles & Parts industry. The industry median ROC % is 5.07. 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 5.07, based on 1,314 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 Guangdong Dcenti Auto-Parts Stock Co and its competitors. For the Vehicles & Parts industry, the median ROC % is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Dcenti Auto-Parts Stock Co's current ROC % is -5.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Dcenti Auto-Parts Stock Co stock overvalued right now?
Based on GuruFocus' analysis, Guangdong Dcenti Auto-Parts Stock Co (SHSE:603335) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.39, compared to a current price of ¥9.08 — trading 167.8% above its estimated fair value. The current ROC % is -5.29%. Guangdong Dcenti Auto-Parts Stock Co's overall GF Score™ is 47/100 with 7 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 Guangdong Dcenti Auto-Parts Stock Co (SHSE:603335), the current ROC % is -5.29% 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 Guangdong Dcenti Auto-Parts Stock Co (SHSE:603335) Overvalued in 2026?
Based on GuruFocus' analysis, Guangdong Dcenti Auto-Parts Stock Co stock appears to be overvalued.
The current stock price of ¥9.08 is trading 167.8% above its estimated GF Value™ of ¥3.39.
GuruFocus considers Guangdong Dcenti Auto-Parts Stock Co to be Significantly Overvalued.
Key valuation signals for SHSE:603335:
ROC %: -5.29%
GF Value™: ¥3.39 vs. price of ¥9.08 (167.8% above fair value)
No single metric tells the full story. See the SHSE:603335 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangdong Dcenti Auto-Parts Stock Co Business Description
Guangdong Dcenti Auto-Parts Stock Ltd Co is engaged in the development, design, manufacture and sales of automotive aluminum alloy wheels in China. The company's main products are aluminum alloy wheels, which includes electroplated wheels and painted wheels. It produces aluminum alloy, coupe, SUV, and luxury cars wheels.
47GF Score
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