Tonking New Energy Group Holdings (HKSE:08326) ROCE %: -2.57% (As of Mar. 2026)

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HKSE:08326 Tonking New Energy Group Holdings Ltd HKSE:08326
53 GF Score
Price HK$0.15
GF Value HK$0.05
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Tonking New Energy Group Holdings ROCE %?

Tonking New Energy Group Holdings HKSE:08326 +1.33% 53 ROCE % is -2.57% as of Mar. 2026. GuruFocus rates HKSE:08326 with a GF Score™ of 53/100 and a GF Value™ of HK$0.05 (Significantly Overvalued). The stock has 7 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. Tonking New Energy Group Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was -2.57%.

Tonking New Energy Group Holdings  (HKSE:08326) 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.

Tonking New Energy Group Holdings ROCE % Related Terms

Tonking New Energy Group Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Tonking New Energy Group Holdings'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.

Tonking New Energy Group Holdings ROCE % Chart

Tonking New Energy Group Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.32 16.09 15.09 23.10 4.03

Tonking New Energy Group Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 20.43 34.69 10.05 10.36 -2.57
HKSE:08326
53GF Score
Tonking New Energy Group Holdings Ltd HKSE:08326
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tonking New Energy Group Holdings ROCE % Calculation

Tonking New Energy Group Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=16.781/( ( (806.585 - 368.941) + (698.36 - 303.673) )/ 2 )
=16.781/( (437.644+394.687)/ 2 )
=16.781/416.1655
=4.03 %

Tonking New Energy Group Holdings'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: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=-10.316/( ( (750.246 - 340.954) + (698.36 - 303.673) )/ 2 )
=-10.316/( ( 409.292 + 394.687 )/ 2 )
=-10.316/401.9895
=-2.57 %

(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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -2.57% mean?
Tonking New Energy Group Holdings (HKSE:08326) has a ROCE % of -2.57% as of Mar. 2026.
Is Tonking New Energy Group Holdings' ROCE % too high?
Tonking New Energy Group Holdings' current ROCE % is -2.57%. Overall, Tonking New Energy Group Holdings has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tonking New Energy Group Holdings' ROCE % compare to competitors?
Tonking New Energy Group Holdings' ROCE % of -2.57% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median ROCE % is 4.43. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Utilities - Independent Power Producers company?
The median ROCE % among Utilities - Independent Power Producers companies is 4.43, based on 446 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. 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 Utilities - Independent Power Producers industry, the median ROCE % is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tonking New Energy Group Holdings's current ROCE % is -2.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tonking New Energy Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tonking New Energy Group Holdings (HKSE:08326) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.15 — trading 204% above its estimated fair value. The current ROCE % is -2.57%. Tonking New Energy Group Holdings' overall GF Score™ is 53/100 with 7 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 Tonking New Energy Group Holdings (HKSE:08326), the current ROCE % is -2.57% 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 Tonking New Energy Group Holdings (HKSE:08326) Overvalued in 2026?

Based on GuruFocus' analysis, Tonking New Energy Group Holdings stock appears to be overvalued. The current stock price of HK$0.15 is trading 204% above its estimated GF Value™ of HK$0.05. GuruFocus considers Tonking New Energy Group Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:08326:

  • ROCE %: -2.57%
  • GF Value™: HK$0.05 vs. price of HK$0.15 (204% above fair value)
  • GF Score™: 53/100 with 7 warning signs

No single metric tells the full story. See the HKSE:08326 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tonking New Energy Group Holdings Business Description

Address 1 Wellington Street, Room 19, 20th Floor, Silver Fortune Plaza, Central, Hong Kong, HKG
Tonking New Energy Group Holdings Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in the renewable energy business in the People's Republic of China. The renewable energy business engages in the provision of a one-stop value-added solution for photovoltaic power stations (EPC, maintenance and support, and testing); sales of the patented photovoltaic tracking mounting bracket systems; and sales of electricity.
53GF Score

Get the complete analysis for HKSE:08326

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

HK$0.15
Price
HK$0.05
GF Value