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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Techking Tires's annualized ROCE % for the quarter that ended in Jun. 2026 was 22.51%.
ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.
Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.
Techking Tires ROCE % Related Terms
Techking Tires ROCE % Historical Data
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The historical data trend for Techking Tires's ROCE % 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.
(1) Note:
The EBIT data used here is four times the quarterly (Jun. 2026) EBIT 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.
Techking Tires (BJSE:920020) has a ROCE % of 22.51% as of Jun. 2026.
Is Techking Tires' ROCE % too high?
Techking Tires' current ROCE % is 22.51%. The Vehicles & Parts industry median ROCE % is 8.45. Techking Tires' value of 22.51% is 166.4% above this industry median. Overall, Techking Tires has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Techking Tires' ROCE % compare to ORLY and AZO?
Techking Tires' ROCE % of 22.51% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 8.45. Techking Tires' value of 22.51% is 166.4% 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 ROCE % for a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 8.45, based on 1,321 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Techking Tires's current ROCE % of 22.51% is 166.4% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Vehicles & Parts industry, the median ROCE % is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techking Tires's current ROCE % is 22.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techking Tires stock overvalued right now?
Techking Tires (BJSE:920020) has a current ROCE % of 22.51%. The current ROCE % is 22.51% and 166.4% above the Vehicles & Parts industry median of 8.45. Techking Tires' overall GF Score™ is 18/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Techking Tires (BJSE:920020), the current ROCE % is 22.51% as of Jun. 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.
Techking Tires Ltd is a company specializing in the design, development, sales, and service of tires for mining and construction equipment. The company offers various products and technical services, including tire manufacturing and rubber product sales. It also engages in technical consulting, development, and technology transfer, alongside import and export activities related to goods and technology. Techking serves both domestic and international markets with a focus on providing tires designed for specific applications, supported by an integrated product development system and localized marketing and service teams. The company aims to support the operational needs of the mining and construction industries by offering tailored tire solutions and related technical services.
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