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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. Zhejiang Goldensea Hi-Tech Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 11.46%.
Zhejiang Goldensea Hi-Tech Co (SHSE:603311) 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 Goldensea Hi-Tech Co ROCE % Related Terms
Zhejiang Goldensea Hi-Tech 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.
Zhejiang Goldensea Hi-Tech Co (SHSE:603311) has a ROCE % of 11.46% as of Mar. 2026.
Is Zhejiang Goldensea Hi-Tech Co's ROCE % too high?
Zhejiang Goldensea Hi-Tech Co's current ROCE % is 11.46%. The Industrial Products industry median ROCE % is 7.14. Zhejiang Goldensea Hi-Tech Co's value of 11.46% is 60.5% above this industry median. Overall, Zhejiang Goldensea Hi-Tech Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Goldensea Hi-Tech Co's ROCE % compare to VLTO and ZWS?
Zhejiang Goldensea Hi-Tech Co's ROCE % of 11.46% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.14. Zhejiang Goldensea Hi-Tech Co's value of 11.46% is 60.5% 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 7.14, based on 3,028 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 Goldensea Hi-Tech Co's current ROCE % of 11.46% is 60.5% 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 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Goldensea Hi-Tech Co's current ROCE % is 11.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Goldensea Hi-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Goldensea Hi-Tech Co (SHSE:603311) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥10.83, compared to a current price of ¥26.65 — trading 146.1% above its estimated fair value. The current ROCE % is 11.46% and 60.5% above the Industrial Products industry median of 7.14. Zhejiang Goldensea Hi-Tech Co's overall GF Score™ is 55/100 with 5 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 Goldensea Hi-Tech Co (SHSE:603311), the current ROCE % is 11.46% 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 Zhejiang Goldensea Hi-Tech Co (SHSE:603311) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Goldensea Hi-Tech Co stock appears to be overvalued.
The current stock price of ¥26.65 is trading 146.1% above its estimated GF Value™ of ¥10.83.
GuruFocus considers Zhejiang Goldensea Hi-Tech Co to be Significantly Overvalued.
Key valuation signals for SHSE:603311:
ROCE %: 11.46%
GF Value™: ¥10.83 vs. price of ¥26.65 (146.1% above fair value)
Industry Position: 60.5% above the Industrial Products median
No single metric tells the full story. See the SHSE:603311 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Goldensea Hi-Tech Co Ltd is a manufacturer of environmental protection filtration materials. Its products are environmentally friendly filtration new materials, filter screens, air purification filters, air filters for cars/trains/aviation/ships, air total heat exchangers, vacuum cleaners/ventilation fan filters, crossflow/axial flow/centrifugal fans. It has established sales networks in Sichuan, Shandong, Jiangsu, and Korea, Hong Kong, the United States, Malaysia, Israel, the United Kingdom, Belgium, and the Czech Republic.
55GF Score
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