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.
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. Wah Sun Handbags International Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was 31.91%.
Wah Sun Handbags International Holdings (HKSE:02683) 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.
Wah Sun Handbags International Holdings ROCE % Related Terms
Wah Sun Handbags International Holdings ROCE % 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.
Wah Sun Handbags International Holdings ROCE % Chart
Wah Sun Handbags International Holdings Annual Data
(1) Note:
The EBIT data used here is two times the semi-annual (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.
Wah Sun Handbags International Holdings (HKSE:02683) has a ROCE % of 31.91% as of Mar. 2026.
Is Wah Sun Handbags International Holdings' ROCE % too high?
Wah Sun Handbags International Holdings' current ROCE % is 31.91%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.33. Wah Sun Handbags International Holdings' value of 31.91% is 404.1% above this industry median. Overall, Wah Sun Handbags International Holdings has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wah Sun Handbags International Holdings' ROCE % compare to NKE and DECK?
Wah Sun Handbags International Holdings' ROCE % of 31.91% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.33. Wah Sun Handbags International Holdings' value of 31.91% is 404.1% 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 Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.33, based on 1,039 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. Wah Sun Handbags International Holdings's current ROCE % of 31.91% is 404.1% 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 Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wah Sun Handbags International Holdings's current ROCE % is 31.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wah Sun Handbags International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Wah Sun Handbags International Holdings (HKSE:02683) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.69, compared to a current price of HK$1.12 — trading 62.3% above its estimated fair value. The current ROCE % is 31.91% and 404.1% above the Manufacturing - Apparel & Accessories industry median of 6.33. Wah Sun Handbags International Holdings' overall GF Score™ is 66/100 with 1 warning sign 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 Wah Sun Handbags International Holdings (HKSE:02683), the current ROCE % is 31.91% 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 Wah Sun Handbags International Holdings (HKSE:02683) Overvalued in 2026?
Based on GuruFocus' analysis, Wah Sun Handbags International Holdings stock appears to be overvalued.
The current stock price of HK$1.12 is trading 62.3% above its estimated GF Value™ of HK$0.69.
GuruFocus considers Wah Sun Handbags International Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:02683:
ROCE %: 31.91%
GF Value™: HK$0.69 vs. price of HK$1.12 (62.3% above fair value)
Industry Position: 404.1% above the Manufacturing - Apparel & Accessories median
No single metric tells the full story. See the HKSE:02683 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wah Sun Handbags International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of non-leather handbag products. Geographically, it derives a majority of its revenue from the United States of America and also has a presence in Canada, the Netherlands, China, and Other countries. Its non-leather handbags are made of materials such as PU, PVC, and various types of textile materials, which are mainly mass-market and middle-end priced products.
66GF Score
Get the complete analysis for HKSE:02683
ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:02683 has been successfully added to your 
