Zhejiang Zhenshi New Materials Co (SHSE:601112) ROCE %: 16.38% (As of Mar. 2026)

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SHSE:601112 Zhejiang Zhenshi New Materials Co Ltd SHSE:601112
11 GF Score
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What is Zhejiang Zhenshi New Materials Co ROCE %?

Zhejiang Zhenshi New Materials Co SHSE:601112 -2.00% 11 ROCE % is 16.38% as of Mar. 2026. GuruFocus rates SHSE:601112 with a GF Score™ of 11/100. 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. Zhejiang Zhenshi New Materials Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 16.38%.

Zhejiang Zhenshi New Materials Co  (SHSE:601112) 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.

Zhejiang Zhenshi New Materials Co ROCE % Related Terms

Zhejiang Zhenshi New Materials Co ROCE % Historical Data

* Premium members only.

The historical data trend for Zhejiang Zhenshi New Materials 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.

Zhejiang Zhenshi New Materials Co ROCE % Chart

Zhejiang Zhenshi New Materials Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
ROCE %
37.40 38.94 24.15 17.80

Zhejiang Zhenshi New Materials Co Quarterly Data
Dec22 Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only 17.66 22.83 21.12 12.92 16.38
SHSE:601112
11GF Score
Zhejiang Zhenshi New Materials Co Ltd SHSE:601112
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhejiang Zhenshi New Materials Co ROCE % Calculation

Zhejiang Zhenshi New Materials 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 )
=974.545/( ( (9039.5 - 3619.777) + (11490.592 - 5957.336) )/ 2 )
=974.545/( (5419.723+5533.256)/ 2 )
=974.545/5476.4895
=17.80 %

Zhejiang Zhenshi New Materials 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 )
=1069.7/( ( (11490.592 - 5957.336) + (12259.159 - 4734.001) )/ 2 )
=1069.7/( ( 5533.256 + 7525.158 )/ 2 )
=1069.7/6529.207
=16.38 %

(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 16.38% mean?
Zhejiang Zhenshi New Materials Co (SHSE:601112) has a ROCE % of 16.38% as of Mar. 2026.
Is Zhejiang Zhenshi New Materials Co's ROCE % too high?
Zhejiang Zhenshi New Materials Co's current ROCE % is 16.38%. The Industrial Products industry median ROCE % is 7.05. Zhejiang Zhenshi New Materials Co's value of 16.38% is 132.5% above this industry median. Overall, Zhejiang Zhenshi New Materials Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Zhenshi New Materials Co's ROCE % compare to GEV and ETN?
Zhejiang Zhenshi New Materials Co's ROCE % of 16.38% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.05. Zhejiang Zhenshi New Materials Co's value of 16.38% is 132.5% 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 Industrial Products company?
The median ROCE % among Industrial Products companies is 7.05, based on 3,026 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. Zhejiang Zhenshi New Materials Co's current ROCE % of 16.38% is 132.5% 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 Industrial Products industry, the median ROCE % is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Zhenshi New Materials Co's current ROCE % is 16.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Zhenshi New Materials Co stock overvalued right now?
Zhejiang Zhenshi New Materials Co (SHSE:601112) has a current ROCE % of 16.38%. The current ROCE % is 16.38% and 132.5% above the Industrial Products industry median of 7.05. Zhejiang Zhenshi New Materials Co's overall GF Score™ is 11/100 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 Zhejiang Zhenshi New Materials Co (SHSE:601112), the current ROCE % is 16.38% 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.

Zhejiang Zhenshi New Materials Co Business Description

Address No. 1 Guangyun South Road, Tongxiang Economic Development Zone, Zhejiang Province, Tongxiang, CHN, 314500
Zhejiang Zhenshi New Materials Co Ltd is engaged in the research and development, production, and sale of fiber reinforcement materials for clean energy applications. Its activities include the manufacturing and sale of fiberglass, glass fiber reinforced plastic products, high-performance fibers and composites, as well as related power electronic components. The company specializes in the research and development, production and sales of high-performance fiber weaving, thermosetting and thermoplastic composite products. The products are used in new energy wind power, solar photovoltaic, new energy vehicles, transportation, building materials and home furnishings.
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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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