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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. Shanghai Beite Technology Group Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.59%.
Shanghai Beite Technology Group Co (SHSE:603009) 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.
Shanghai Beite Technology Group Co ROCE % Related Terms
Shanghai Beite Technology Group Co 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.
(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.
Shanghai Beite Technology Group Co (SHSE:603009) has a ROCE % of 7.59% as of Mar. 2026.
Is Shanghai Beite Technology Group Co's ROCE % too high?
Shanghai Beite Technology Group Co's current ROCE % is 7.59%. The Vehicles & Parts industry median ROCE % is 8.13. Shanghai Beite Technology Group Co's value of 7.59% is 6.6% below this industry median. Overall, Shanghai Beite Technology Group Co has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Beite Technology Group Co's ROCE % compare to ORLY and AZO?
Shanghai Beite Technology Group Co's ROCE % of 7.59% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 8.13. Shanghai Beite Technology Group Co's value of 7.59% is 6.6% 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 Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 8.13, based on 1,317 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. Shanghai Beite Technology Group Co's current ROCE % of 7.59% is 6.6% 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 Vehicles & Parts industry, the median ROCE % is 8.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Beite Technology Group Co's current ROCE % is 7.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Beite Technology Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Beite Technology Group Co (SHSE:603009) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥41.31, compared to a current price of ¥47.99 — trading 16.2% above its estimated fair value. The current ROCE % is 7.59% and 6.6% below the Vehicles & Parts industry median of 8.13. Shanghai Beite Technology Group Co's overall GF Score™ is 86/100 with 2 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 Shanghai Beite Technology Group Co (SHSE:603009), the current ROCE % is 7.59% 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 Shanghai Beite Technology Group Co (SHSE:603009) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Beite Technology Group Co stock appears to be overvalued.
The current stock price of ¥47.99 is trading 16.2% above its estimated GF Value™ of ¥41.31.
GuruFocus considers Shanghai Beite Technology Group Co to be Modestly Overvalued.
Key valuation signals for SHSE:603009:
ROCE %: 7.59%
GF Value™: ¥41.31 vs. price of ¥47.99 (16.2% above fair value)
Industry Position: 6.6% below the Vehicles & Parts median
No single metric tells the full story. See the SHSE:603009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Beite Technology Group Co Ltd operates in the automotive parts and accessories manufacturing industry. Its automotive parts business covers three sectors: chassis parts, aluminum alloy lightweight, and air-conditioning compressors. The group manufactures metal products; imports and exports goods and technology; technology development, transfer, consulting, and services in the new materials field; business management and consulting services; research and development, and sales of automotive air conditioners and compressors (excluding special equipment); automotive air conditioning systems and their accessories; and automotive parts. Its products are Gear, Output shaft, Piston rod, CDC-ivo control valve parts, Diesel injector body, Yoke Classware, and Others.
86GF Score
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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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