Changshu Tongrun Auto Accessory Co (SHSE:603201) ROCE %: 9.86% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:603201 Changshu Tongrun Auto Accessory Co Ltd SHSE:603201
82 GF Score
Price ¥17.83
GF Value ¥19.81
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Changshu Tongrun Auto Accessory Co ROCE %?

Changshu Tongrun Auto Accessory Co SHSE:603201 +2.00% 82 ROCE % is 9.86% as of Mar. 2026. GuruFocus rates SHSE:603201 with a GF Score™ of 82/100 and a GF Value™ of ¥19.81 (Modestly Undervalued). The stock has 1 warning sign 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. Changshu Tongrun Auto Accessory Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 9.86%.

Changshu Tongrun Auto Accessory Co  (SHSE:603201) 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.

Changshu Tongrun Auto Accessory Co ROCE % Related Terms

Changshu Tongrun Auto Accessory Co ROCE % Historical Data

* Premium members only.

The historical data trend for Changshu Tongrun Auto Accessory 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.

Changshu Tongrun Auto Accessory Co ROCE % Chart

Changshu Tongrun Auto Accessory Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial 27.58 21.84 18.45 19.33 16.52

Changshu Tongrun Auto Accessory 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 16.30 18.45 17.99 13.65 9.86
SHSE:603201
82GF Score
Changshu Tongrun Auto Accessory Co Ltd SHSE:603201
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Changshu Tongrun Auto Accessory Co ROCE % Calculation

Changshu Tongrun Auto Accessory 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 )
=296.755/( ( (2957.512 - 1216.66) + (3069.495 - 1218.164) )/ 2 )
=296.755/( (1740.852+1851.331)/ 2 )
=296.755/1796.0915
=16.52 %

Changshu Tongrun Auto Accessory 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 )
=183.268/( ( (3069.495 - 1218.164) + (3075.102 - 1210.187) )/ 2 )
=183.268/( ( 1851.331 + 1864.915 )/ 2 )
=183.268/1858.123
=9.86 %

(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 9.86% mean?
Changshu Tongrun Auto Accessory Co (SHSE:603201) has a ROCE % of 9.86% as of Mar. 2026.
Is Changshu Tongrun Auto Accessory Co's ROCE % too high?
Changshu Tongrun Auto Accessory Co's current ROCE % is 9.86%. The Vehicles & Parts industry median ROCE % is 7.93. Changshu Tongrun Auto Accessory Co's value of 9.86% is 24.3% above this industry median. Overall, Changshu Tongrun Auto Accessory Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Changshu Tongrun Auto Accessory Co's ROCE % compare to ORLY and AZO?
Changshu Tongrun Auto Accessory Co's ROCE % of 9.86% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.93. Changshu Tongrun Auto Accessory Co's value of 9.86% is 24.3% 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 a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.93, based on 1,316 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. Changshu Tongrun Auto Accessory Co's current ROCE % of 9.86% is 24.3% 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 Vehicles & Parts industry, the median ROCE % is 7.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changshu Tongrun Auto Accessory Co's current ROCE % is 9.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changshu Tongrun Auto Accessory Co stock overvalued right now?
Based on GuruFocus' analysis, Changshu Tongrun Auto Accessory Co (SHSE:603201) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥19.81, compared to a current price of ¥17.83 — trading 10% below its estimated fair value. The current ROCE % is 9.86% and 24.3% above the Vehicles & Parts industry median of 7.93. Changshu Tongrun Auto Accessory Co's overall GF Score™ is 82/100 with 1 warning sign 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 Changshu Tongrun Auto Accessory Co (SHSE:603201), the current ROCE % is 9.86% 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 Changshu Tongrun Auto Accessory Co (SHSE:603201) Overvalued in 2026?

Based on GuruFocus' analysis, Changshu Tongrun Auto Accessory Co stock appears to be undervalued. The current stock price of ¥17.83 is trading 10% below its estimated GF Value™ of ¥19.81. GuruFocus considers Changshu Tongrun Auto Accessory Co to be Modestly Undervalued.

Key valuation signals for SHSE:603201:

  • ROCE %: 9.86%
  • GF Value™: ¥19.81 vs. price of ¥17.83 (10% below fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 24.3% above the Vehicles & Parts median

No single metric tells the full story. See the SHSE:603201 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Changshu Tongrun Auto Accessory Co Business Description

Address Xinlongteng Industrial Park, Economic Development Zone, Jiangsu Province, Changshu, CHN, 215500
Changshu Tongrun Auto Accessory Co Ltd is engaged in the research and development, manufacturing, and sales of various jacks and their extended products. The company's main products include commercial jacks, vehicle-mounted jacks, professional jacks, lifts, and other automotive maintenance equipment and tools.
82GF Score

Get the complete analysis for SHSE:603201

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

¥17.83
Price
¥19.81
GF Value