Qingdao Topscomm Communication (SHSE:603421) ROCE %: -14.26% (As of Mar. 2026)

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SHSE:603421 Qingdao Topscomm Communication Inc SHSE:603421
54 GF Score
Price ¥5.23
GF Value ¥3.42
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Qingdao Topscomm Communication ROCE %?

Qingdao Topscomm Communication SHSE:603421 +1.16% 54 ROCE % is -14.26% as of Mar. 2026. GuruFocus rates SHSE:603421 with a GF Score™ of 54/100 and a GF Value™ of ¥3.42 (Significantly Overvalued). The stock has 4 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. Qingdao Topscomm Communication's annualized ROCE % for the quarter that ended in Mar. 2026 was -14.26%.

Qingdao Topscomm Communication  (SHSE:603421) 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.

Qingdao Topscomm Communication ROCE % Related Terms

Qingdao Topscomm Communication ROCE % Historical Data

* Premium members only.

The historical data trend for Qingdao Topscomm Communication'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.

Qingdao Topscomm Communication ROCE % Chart

Qingdao Topscomm Communication Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.31 3.74 4.54 -6.27 -21.30

Qingdao Topscomm Communication 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 -16.41 -10.35 -15.20 -44.34 -14.26
SHSE:603421
54GF Score
Qingdao Topscomm Communication Inc SHSE:603421
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Qingdao Topscomm Communication ROCE % Calculation

Qingdao Topscomm Communication'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 )
=-622.843/( ( (4658.404 - 1345.852) + (3813.928 - 1278.557) )/ 2 )
=-622.843/( (3312.552+2535.371)/ 2 )
=-622.843/2923.9615
=-21.30 %

Qingdao Topscomm Communication'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 )
=-354.616/( ( (3813.928 - 1278.557) + (3507.343 - 1067.429) )/ 2 )
=-354.616/( ( 2535.371 + 2439.914 )/ 2 )
=-354.616/2487.6425
=-14.26 %

(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 -14.26% mean?
Qingdao Topscomm Communication (SHSE:603421) has a ROCE % of -14.26% as of Mar. 2026.
Is Qingdao Topscomm Communication's ROCE % too high?
Qingdao Topscomm Communication's current ROCE % is -14.26%. Overall, Qingdao Topscomm Communication has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Qingdao Topscomm Communication's ROCE % compare to COHR and KEYS?
Qingdao Topscomm Communication's ROCE % of -14.26% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.90. 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 Hardware company?
The median ROCE % among Hardware companies is 5.90, based on 2,451 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. 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 Hardware industry, the median ROCE % is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qingdao Topscomm Communication's current ROCE % is -14.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qingdao Topscomm Communication stock overvalued right now?
Based on GuruFocus' analysis, Qingdao Topscomm Communication (SHSE:603421) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.42, compared to a current price of ¥5.23 — trading 52.9% above its estimated fair value. The current ROCE % is -14.26%. Qingdao Topscomm Communication's overall GF Score™ is 54/100 with 4 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 Qingdao Topscomm Communication (SHSE:603421), the current ROCE % is -14.26% 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 Qingdao Topscomm Communication (SHSE:603421) Overvalued in 2026?

Based on GuruFocus' analysis, Qingdao Topscomm Communication stock appears to be overvalued. The current stock price of ¥5.23 is trading 52.9% above its estimated GF Value™ of ¥3.42. GuruFocus considers Qingdao Topscomm Communication to be Significantly Overvalued.

Key valuation signals for SHSE:603421:

  • ROCE %: -14.26%
  • GF Value™: ¥3.42 vs. price of ¥5.23 (52.9% above fair value)
  • GF Score™: 54/100 with 4 warning signs

No single metric tells the full story. See the SHSE:603421 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Qingdao Topscomm Communication Business Description

Address No. 288 Ningxia Road, 5th Floor, No. 6 Building, Qingdao Software Park, Shinan District, Qingdao City, CHN, 266024
Qingdao Topscomm Communication Inc designs, researches and develops, manufactures, and sells smart products for electric power and fire protection in China. It also engages in the research and development of power line carrier communication chips and fieldbus communication chips. Its products include smart energy meters, such as smart prepayment and advanced metering infrastructure (AMI), power line carrier communication system; chips; terminal collecting device such as concentrator and state grid concentrator; and intelligent indoor terminal. It also provides AMI, prepayment vending, water/gas/heat and electricity meter AMR/AMI, distribution automation and management, and low and medium voltage PLC communication solutions.
54GF Score

Get the complete analysis for SHSE:603421

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

¥5.23
Price
¥3.42
GF Value