Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863) ROCE %: 12.31% (As of Mar. 2026)


SHSE:600863 Inner Mongolia Mengdian Huaneng Thermal Power Corp Ltd SHSE:600863
76 GF Score
Price ¥4.69
GF Value ¥3.70
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Inner Mongolia Mengdian Huaneng Thermal Power ROCE %?

Inner Mongolia Mengdian Huaneng Thermal Power SHSE:600863 -1.68% 76 ROCE % is 12.31% as of Mar. 2026. GuruFocus rates SHSE:600863 with a GF Score™ of 76/100 and a GF Value™ of ¥3.70 (Modestly Overvalued). 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. Inner Mongolia Mengdian Huaneng Thermal Power's annualized ROCE % for the quarter that ended in Mar. 2026 was 12.31%.

Inner Mongolia Mengdian Huaneng Thermal Power  (SHSE:600863) 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.

Inner Mongolia Mengdian Huaneng Thermal Power ROCE % Related Terms

Inner Mongolia Mengdian Huaneng Thermal Power ROCE % Historical Data

* Premium members only.

The historical data trend for Inner Mongolia Mengdian Huaneng Thermal Power'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.

Inner Mongolia Mengdian Huaneng Thermal Power ROCE % Chart

Inner Mongolia Mengdian Huaneng Thermal Power 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 4.06 9.46 9.05 11.66 11.51

Inner Mongolia Mengdian Huaneng Thermal Power 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 16.39 12.48 13.63 7.20 12.31
SHSE:600863
76GF Score
Inner Mongolia Mengdian Huaneng Thermal Power Corp Ltd SHSE:600863
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Inner Mongolia Mengdian Huaneng Thermal Power ROCE % Calculation

Inner Mongolia Mengdian Huaneng Thermal Power'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 )
=4027.508/( ( (48750.496 - 10728.458) + (48645.074 - 16666.376) )/ 2 )
=4027.508/( (38022.038+31978.698)/ 2 )
=4027.508/35000.368
=11.51 %

Inner Mongolia Mengdian Huaneng Thermal Power'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 )
=4330.848/( ( (48645.074 - 16666.376) + (48586.131 - 10201.956) )/ 2 )
=4330.848/( ( 31978.698 + 38384.175 )/ 2 )
=4330.848/35181.4365
=12.31 %

(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 12.31% mean?
Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863) has a ROCE % of 12.31% as of Mar. 2026.
Is Inner Mongolia Mengdian Huaneng Thermal Power's ROCE % too high?
Inner Mongolia Mengdian Huaneng Thermal Power's current ROCE % is 12.31%. The Utilities - Independent Power Producers industry median ROCE % is 4.60. Inner Mongolia Mengdian Huaneng Thermal Power's value of 12.31% is 167.6% above this industry median. Overall, Inner Mongolia Mengdian Huaneng Thermal Power has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Inner Mongolia Mengdian Huaneng Thermal Power's ROCE % compare to CEG and VST?
Inner Mongolia Mengdian Huaneng Thermal Power's ROCE % of 12.31% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median ROCE % is 4.60. Inner Mongolia Mengdian Huaneng Thermal Power's value of 12.31% is 167.6% 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 an Utilities - Independent Power Producers company?
The median ROCE % among Utilities - Independent Power Producers companies is 4.60, based on 438 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. Inner Mongolia Mengdian Huaneng Thermal Power's current ROCE % of 12.31% is 167.6% 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 Utilities - Independent Power Producers industry, the median ROCE % is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inner Mongolia Mengdian Huaneng Thermal Power's current ROCE % is 12.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inner Mongolia Mengdian Huaneng Thermal Power stock overvalued right now?
Based on GuruFocus' analysis, Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥3.70, compared to a current price of ¥4.69 — trading 26.8% above its estimated fair value. The current ROCE % is 12.31% and 167.6% above the Utilities - Independent Power Producers industry median of 4.60. Inner Mongolia Mengdian Huaneng Thermal Power's overall GF Score™ is 76/100 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 Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863), the current ROCE % is 12.31% 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 Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863) Overvalued in 2026?

Based on GuruFocus' analysis, Inner Mongolia Mengdian Huaneng Thermal Power stock appears to be overvalued. The current stock price of ¥4.69 is trading 26.8% above its estimated GF Value™ of ¥3.70. GuruFocus considers Inner Mongolia Mengdian Huaneng Thermal Power to be Modestly Overvalued.

Key valuation signals for SHSE:600863:

  • ROCE %: 12.31%
  • GF Value™: ¥3.70 vs. price of ¥4.69 (26.8% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 167.6% above the Utilities - Independent Power Producers median

No single metric tells the full story. See the SHSE:600863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Inner Mongolia Mengdian Huaneng Thermal Power Business Description

Address No.218, Xilin South Road, Inner Mongolia Autonomous Region, Huhehaote, CHN, 010020
Inner Mongolia Mengdian Huaneng Thermal Power Corp Ltd is engaged in the generation and distribution of electric heat and power.
76GF Score

Get the complete analysis for SHSE:600863

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

¥4.69
Price
¥3.70
GF Value