Henan Zhongyuan Expressway Co (SHSE:600020) ROCE %: 5.27% (As of Mar. 2026)


SHSE:600020 Henan Zhongyuan Expressway Co Ltd SHSE:600020
55 GF Score
Price ¥3.77
GF Value ¥4.72
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Henan Zhongyuan Expressway Co ROCE %?

Henan Zhongyuan Expressway Co SHSE:600020 55 ROCE % is 5.27% as of Mar. 2026. GuruFocus rates SHSE:600020 with a GF Score™ of 55/100 and a GF Value™ of ¥4.72 (Modestly Undervalued). The stock has 6 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. Henan Zhongyuan Expressway Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 5.27%.

Henan Zhongyuan Expressway Co  (SHSE:600020) 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.

Henan Zhongyuan Expressway Co ROCE % Related Terms

Henan Zhongyuan Expressway Co ROCE % Historical Data

* Premium members only.

The historical data trend for Henan Zhongyuan Expressway 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.

Henan Zhongyuan Expressway Co ROCE % Chart

Henan Zhongyuan Expressway 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 6.08 3.49 5.31 4.75 4.02

Henan Zhongyuan Expressway Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 5.53 4.86 4.86 0.91 5.27
SHSE:600020
55GF Score
Henan Zhongyuan Expressway Co Ltd SHSE:600020
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Henan Zhongyuan Expressway Co ROCE % Calculation

Henan Zhongyuan Expressway 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 )
=1910.509/( ( (52163.406 - 5853.12) + (53545.898 - 4781.603) )/ 2 )
=1910.509/( (46310.286+48764.295)/ 2 )
=1910.509/47537.2905
=4.02 %

Henan Zhongyuan Expressway 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 )
=2591.788/( ( (53545.898 - 4781.603) + (53770.177 - 4195.694) )/ 2 )
=2591.788/( ( 48764.295 + 49574.483 )/ 2 )
=2591.788/49169.389
=5.27 %

(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 5.27% mean?
Henan Zhongyuan Expressway Co (SHSE:600020) has a ROCE % of 5.27% as of Mar. 2026.
Is Henan Zhongyuan Expressway Co's ROCE % too high?
Henan Zhongyuan Expressway Co's current ROCE % is 5.27%. The Construction industry median ROCE % is 8.20. Henan Zhongyuan Expressway Co's value of 5.27% is 35.7% below this industry median. Overall, Henan Zhongyuan Expressway Co has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Henan Zhongyuan Expressway Co's ROCE % compare to competitors?
Henan Zhongyuan Expressway Co's ROCE % of 5.27% can be compared against companies in the Construction industry. The industry median ROCE % is 8.20. Henan Zhongyuan Expressway Co's value of 5.27% is 35.7% 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 Construction company?
The median ROCE % among Construction companies is 8.20, based on 1,751 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. Henan Zhongyuan Expressway Co's current ROCE % of 5.27% is 35.7% 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 Construction industry, the median ROCE % is 8.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henan Zhongyuan Expressway Co's current ROCE % is 5.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henan Zhongyuan Expressway Co stock overvalued right now?
Based on GuruFocus' analysis, Henan Zhongyuan Expressway Co (SHSE:600020) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.72, compared to a current price of ¥3.77 — trading 20.1% below its estimated fair value. The current ROCE % is 5.27% and 35.7% below the Construction industry median of 8.20. Henan Zhongyuan Expressway Co's overall GF Score™ is 55/100 with 6 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 Henan Zhongyuan Expressway Co (SHSE:600020), the current ROCE % is 5.27% 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 Henan Zhongyuan Expressway Co (SHSE:600020) Overvalued in 2026?

Based on GuruFocus' analysis, Henan Zhongyuan Expressway Co stock appears to be undervalued. The current stock price of ¥3.77 is trading 20.1% below its estimated GF Value™ of ¥4.72. GuruFocus considers Henan Zhongyuan Expressway Co to be Modestly Undervalued.

Key valuation signals for SHSE:600020:

  • ROCE %: 5.27%
  • GF Value™: ¥4.72 vs. price of ¥3.77 (20.1% below fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 35.7% below the Construction median

No single metric tells the full story. See the SHSE:600020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Henan Zhongyuan Expressway Co Business Description

Address No. 93 Zhongyuan Road, Zhengzhou, Henan, CHN, 450052
Henan Zhongyuan Expressway Co Ltd engages in investment, operation, management, and maintenance of high-grade highways, independent bridges, and other transportation infrastructure projects. It operates Zhengxi, Zhumadian, Zhengzhou, Pingdingshan, Zhengxin yellow river bridge, Zhengkai, Shangqiu, and Jixian County projects. The company also engages in the highway construction, management, investment, and financing systems.
55GF Score

Get the complete analysis for SHSE:600020

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

¥3.77
Price
¥4.72
GF Value