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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 Three Stars New Materials Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 1.01%.
Zhejiang Three Stars New Materials Co (SHSE:603578) 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 Three Stars New Materials Co ROCE % Related Terms
Zhejiang Three Stars New Materials 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.
Zhejiang Three Stars New Materials Co ROCE % Chart
(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 Three Stars New Materials Co (SHSE:603578) has a ROCE % of 1.01% as of Mar. 2026.
Is Zhejiang Three Stars New Materials Co's ROCE % too high?
Zhejiang Three Stars New Materials Co's current ROCE % is 1.01%. The Industrial Products industry median ROCE % is 7.11. Zhejiang Three Stars New Materials Co's value of 1.01% is 85.8% below this industry median. Overall, Zhejiang Three Stars New Materials Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Three Stars New Materials Co's ROCE % compare to GEV and ETN?
Zhejiang Three Stars New Materials Co's ROCE % of 1.01% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.11. Zhejiang Three Stars New Materials Co's value of 1.01% is 85.8% 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 an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.11, 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 Three Stars New Materials Co's current ROCE % of 1.01% is 85.8% 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 Industrial Products industry, the median ROCE % is 7.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Three Stars New Materials Co's current ROCE % is 1.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Three Stars New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Three Stars New Materials Co (SHSE:603578) is currently considered Possible Value Trap. The stock's GF Value™ is ¥23.51, compared to a current price of ¥11.84 — trading 49.6% below its estimated fair value. The current ROCE % is 1.01% and 85.8% below the Industrial Products industry median of 7.11. Zhejiang Three Stars New Materials Co's overall GF Score™ is 64/100 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 Three Stars New Materials Co (SHSE:603578), the current ROCE % is 1.01% 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 Three Stars New Materials Co (SHSE:603578) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Three Stars New Materials Co stock appears to be undervalued.
The current stock price of ¥11.84 is trading 49.6% below its estimated GF Value™ of ¥23.51.
GuruFocus considers Zhejiang Three Stars New Materials Co to be Possible Value Trap.
Key valuation signals for SHSE:603578:
ROCE %: 1.01%
GF Value™: ¥23.51 vs. price of ¥11.84 (49.6% below fair value)
Industry Position: 85.8% below the Industrial Products median
No single metric tells the full story. See the SHSE:603578 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Three Stars New Materials Co Ltd is a China based company involved in the design, development, production and sales of all kinds of low temperature storage equipment glass door and deep processing glass products. It produces hollow glass door, PVC extrusion profile, single layer glass door, overall injection molding glass door, coating glass, tempered glass and touch screen glass.
64GF 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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