Changzhou Tongbao Photoelectricity Co (BJSE:920168) ROCE %: 3.67% (As of Mar. 2026)

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BJSE:920168 Changzhou Tongbao Photoelectricity Co Ltd BJSE:920168
52 GF Score
Price ¥15.20
! 3 Warning Signs
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What is Changzhou Tongbao Photoelectricity Co ROCE %?

Changzhou Tongbao Photoelectricity Co BJSE:920168 52 ROCE % is 3.67% as of Mar. 2026. GuruFocus rates BJSE:920168 with a GF Score™ of 52/100. The stock has 3 warning signs investors should review.

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. Changzhou Tongbao Photoelectricity Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.67%.

Changzhou Tongbao Photoelectricity Co  (BJSE:920168) ROCE % Explanation

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.

Changzhou Tongbao Photoelectricity Co ROCE % Related Terms

Changzhou Tongbao Photoelectricity Co ROCE % Historical Data

* Premium members only.

The historical data trend for Changzhou Tongbao Photoelectricity Co'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.

Changzhou Tongbao Photoelectricity Co ROCE % Chart

Changzhou Tongbao Photoelectricity Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.73 12.39 19.06 20.42 15.64

Changzhou Tongbao Photoelectricity Co Quarterly Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.37 14.82 211.51 -182.05 3.67
BJSE:920168
52GF Score
Changzhou Tongbao Photoelectricity Co Ltd BJSE:920168
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Changzhou Tongbao Photoelectricity Co ROCE % Calculation

Changzhou Tongbao Photoelectricity Co's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=90.658/( ( (954.156 - 413.919) + (1144.14 - 524.803) )/ 2 )
=90.658/( (540.237+619.337)/ 2 )
=90.658/579.787
=15.64 %

Changzhou Tongbao Photoelectricity Co's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=27.744/( ( (1144.14 - 524.803) + (1318.421 - 425.084) )/ 2 )
=27.744/( ( 619.337 + 893.337 )/ 2 )
=27.744/756.337
=3.67 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 3.67% mean?
Changzhou Tongbao Photoelectricity Co (BJSE:920168) has a ROCE % of 3.67% as of Mar. 2026.
Is Changzhou Tongbao Photoelectricity Co's ROCE % too high?
Changzhou Tongbao Photoelectricity Co's current ROCE % is 3.67%. The Hardware industry median ROCE % is 6.52. Changzhou Tongbao Photoelectricity Co's value of 3.67% is 43.7% below this industry median. Overall, Changzhou Tongbao Photoelectricity Co has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Changzhou Tongbao Photoelectricity Co's ROCE % compare to APH and GLW?
Changzhou Tongbao Photoelectricity Co's ROCE % of 3.67% can be compared against companies in the Hardware industry. The industry median ROCE % is 6.52. Changzhou Tongbao Photoelectricity Co's value of 3.67% is 43.7% 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 ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 6.52, based on 2,452 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. Changzhou Tongbao Photoelectricity Co's current ROCE % of 3.67% is 43.7% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changzhou Tongbao Photoelectricity Co's current ROCE % is 3.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changzhou Tongbao Photoelectricity Co stock overvalued right now?
Changzhou Tongbao Photoelectricity Co (BJSE:920168) has a current ROCE % of 3.67%. The current ROCE % is 3.67% and 43.7% below the Hardware industry median of 6.52. Changzhou Tongbao Photoelectricity Co's overall GF Score™ is 52/100 with 3 warning signs to review. 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 Changzhou Tongbao Photoelectricity Co (BJSE:920168), the current ROCE % is 3.67% 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.

Changzhou Tongbao Photoelectricity Co Business Description

Address No. 1-1, Taohuagang Road, Chunjiang Town, Xinbei District, Jiangsu Province, Jiangsu Province, CHN, 213033
Changzhou Tongbao Photoelectricity Co Ltd is engaged in the research, development, manufacturing, and sales of automotive electronic components, including automotive lighting systems, electronic control systems, and energy management systems. Its business activities include the production, processing, and repair of LED light-emitting diodes, automotive LED modules and accessories, lighting fixtures, and electronic components, as well as the provision of technical services for automotive LED modules.
52GF Score

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

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