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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 Baida Precision Manufacturing's annualized ROCE % for the quarter that ended in Mar. 2026 was 2.36%.
Zhejiang Baida Precision Manufacturing (SHSE:603331) 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 Baida Precision Manufacturing ROCE % Related Terms
Zhejiang Baida Precision Manufacturing 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.
Zhejiang Baida Precision Manufacturing ROCE % Chart
Zhejiang Baida Precision Manufacturing Annual Data
(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 Baida Precision Manufacturing (SHSE:603331) has a ROCE % of 2.36% as of Mar. 2026.
Is Zhejiang Baida Precision Manufacturing's ROCE % too high?
Zhejiang Baida Precision Manufacturing's current ROCE % is 2.36%. The Vehicles & Parts industry median ROCE % is 7.99. Zhejiang Baida Precision Manufacturing's value of 2.36% is 70.4% below this industry median. Overall, Zhejiang Baida Precision Manufacturing has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Baida Precision Manufacturing's ROCE % compare to ORLY and AZO?
Zhejiang Baida Precision Manufacturing's ROCE % of 2.36% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.99. Zhejiang Baida Precision Manufacturing's value of 2.36% is 70.4% 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 7.99, 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. Zhejiang Baida Precision Manufacturing's current ROCE % of 2.36% is 70.4% 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 7.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Baida Precision Manufacturing's current ROCE % is 2.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Baida Precision Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Baida Precision Manufacturing (SHSE:603331) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥9.76, compared to a current price of ¥11.83 — trading 21.2% above its estimated fair value. The current ROCE % is 2.36% and 70.4% below the Vehicles & Parts industry median of 7.99. Zhejiang Baida Precision Manufacturing's overall GF Score™ is 67/100 with 10 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 Baida Precision Manufacturing (SHSE:603331), the current ROCE % is 2.36% 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 Baida Precision Manufacturing (SHSE:603331) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Baida Precision Manufacturing stock appears to be overvalued.
The current stock price of ¥11.83 is trading 21.2% above its estimated GF Value™ of ¥9.76.
GuruFocus considers Zhejiang Baida Precision Manufacturing to be Modestly Overvalued.
Key valuation signals for SHSE:603331:
ROCE %: 2.36%
GF Value™: ¥9.76 vs. price of ¥11.83 (21.2% above fair value)
Industry Position: 70.4% below the Vehicles & Parts median
No single metric tells the full story. See the SHSE:603331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Baida Precision Manufacturing Corp is engaged in the research and development, manufacturing and sales of various compressor and auto parts. Its products include core components of the compressor - blades, balance blocks, and cross ring connectors as well as automotive parts - power generation claw pole, brake caliper piston, starter series (switch housing, static iron core, moving iron core, deceleration shaft), drive train columns (spline sleeves, spline shafts, ferrules), and steering series.
67GF Score
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