Qijing Machinery Co (SHSE:603677) ROCE %: 3.99% (As of Mar. 2026)

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SHSE:603677 Qijing Machinery Co Ltd SHSE:603677
67 GF Score
Price ¥13.31
GF Value ¥16.04
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Qijing Machinery Co ROCE %?

Qijing Machinery Co SHSE:603677 +0.30% 67 ROCE % is 3.99% as of Mar. 2026. GuruFocus rates SHSE:603677 with a GF Score™ of 67/100 and a GF Value™ of ¥16.04 (Modestly Undervalued). The stock has 6 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. Qijing Machinery Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.99%.

Qijing Machinery Co  (SHSE:603677) 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.

Qijing Machinery Co ROCE % Related Terms

Qijing Machinery Co ROCE % Historical Data

* Premium members only.

The historical data trend for Qijing Machinery 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.

Qijing Machinery Co ROCE % Chart

Qijing Machinery Co 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 8.41 6.09 7.25 7.40 4.29

Qijing Machinery 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 6.56 7.07 4.15 -0.54 3.99
SHSE:603677
67GF Score
Qijing Machinery Co Ltd SHSE:603677
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Qijing Machinery Co ROCE % Calculation

Qijing Machinery 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 )
=63.455/( ( (2261.071 - 852.994) + (2234.638 - 686.012) )/ 2 )
=63.455/( (1408.077+1548.626)/ 2 )
=63.455/1478.3515
=4.29 %

Qijing Machinery 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 )
=59.84/( ( (2234.638 - 686.012) + (2106.32 - 652.414) )/ 2 )
=59.84/( ( 1548.626 + 1453.906 )/ 2 )
=59.84/1501.266
=3.99 %

(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 3.99% mean?
Qijing Machinery Co (SHSE:603677) has a ROCE % of 3.99% as of Mar. 2026.
Is Qijing Machinery Co's ROCE % too high?
Qijing Machinery Co's current ROCE % is 3.99%. The Vehicles & Parts industry median ROCE % is 8.00. Qijing Machinery Co's value of 3.99% is 50.1% below this industry median. Overall, Qijing Machinery Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qijing Machinery Co's ROCE % compare to ORLY and AZO?
Qijing Machinery Co's ROCE % of 3.99% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 8.00. Qijing Machinery Co's value of 3.99% is 50.1% 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 8.00, based on 1,315 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. Qijing Machinery Co's current ROCE % of 3.99% is 50.1% 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 8.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qijing Machinery Co's current ROCE % is 3.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qijing Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Qijing Machinery Co (SHSE:603677) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥16.04, compared to a current price of ¥13.31 — trading 17% below its estimated fair value. The current ROCE % is 3.99% and 50.1% below the Vehicles & Parts industry median of 8.00. Qijing Machinery Co's overall GF Score™ is 67/100 with 6 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 Qijing Machinery Co (SHSE:603677), the current ROCE % is 3.99% 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 Qijing Machinery Co (SHSE:603677) Overvalued in 2026?

Based on GuruFocus' analysis, Qijing Machinery Co stock appears to be undervalued. The current stock price of ¥13.31 is trading 17% below its estimated GF Value™ of ¥16.04. GuruFocus considers Qijing Machinery Co to be Modestly Undervalued.

Key valuation signals for SHSE:603677:

  • ROCE %: 3.99%
  • GF Value™: ¥16.04 vs. price of ¥13.31 (17% below fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 50.1% below the Vehicles & Parts median

No single metric tells the full story. See the SHSE:603677 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Qijing Machinery Co Business Description

Address No. 289 Qixiang North Road, Yuelong Street, Ninghai County, Zhejiang Province, Ningbo, CHN, 315609
Qijing Machinery Co Ltd is a China based manufacturing company focused on the fine machining process. It is engaged in the business of designing, manufacturing and selling of washing machine gearcase, home appliance parts, auto parts, and power tools.
67GF Score

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

¥13.31
Price
¥16.04
GF Value