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Ningbo Gaofa Automotive Control System Co (SHSE:603788) 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.
Ningbo Gaofa Automotive Control System Co ROCE % Related Terms
Ningbo Gaofa Automotive Control System 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.
Ningbo Gaofa Automotive Control System Co ROCE % Chart
Ningbo Gaofa Automotive Control System Co 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.
Ningbo Gaofa Automotive Control System Co (SHSE:603788) has a ROCE % of 10.30% as of Mar. 2026.
Is Ningbo Gaofa Automotive Control System Co's ROCE % too high?
Ningbo Gaofa Automotive Control System Co's current ROCE % is 10.30%. The Vehicles & Parts industry median ROCE % is 8.00. Ningbo Gaofa Automotive Control System Co's value of 10.30% is 28.8% above this industry median. Overall, Ningbo Gaofa Automotive Control System Co has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Gaofa Automotive Control System Co's ROCE % compare to ORLY and AZO?
Ningbo Gaofa Automotive Control System Co's ROCE % of 10.30% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 8.00. Ningbo Gaofa Automotive Control System Co's value of 10.30% is 28.8% 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 a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 8.00, based on 1,314 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. Ningbo Gaofa Automotive Control System Co's current ROCE % of 10.30% is 28.8% 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 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. Ningbo Gaofa Automotive Control System Co's current ROCE % is 10.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Gaofa Automotive Control System Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Gaofa Automotive Control System Co (SHSE:603788) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥17.41, compared to a current price of ¥14.08 — trading 19.1% below its estimated fair value. The current ROCE % is 10.30% and 28.8% above the Vehicles & Parts industry median of 8.00. Ningbo Gaofa Automotive Control System Co's overall GF Score™ is 81/100 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 Ningbo Gaofa Automotive Control System Co (SHSE:603788), the current ROCE % is 10.30% 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 Ningbo Gaofa Automotive Control System Co (SHSE:603788) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Gaofa Automotive Control System Co stock appears to be undervalued.
The current stock price of ¥14.08 is trading 19.1% below its estimated GF Value™ of ¥17.41.
GuruFocus considers Ningbo Gaofa Automotive Control System Co to be Modestly Undervalued.
Key valuation signals for SHSE:603788:
ROCE %: 10.30%
GF Value™: ¥17.41 vs. price of ¥14.08 (19.1% below fair value)
Industry Position: 28.8% above the Vehicles & Parts median
No single metric tells the full story. See the SHSE:603788 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Gaofa Automotive Control System Co Ltd is engaged in the research & development, production, and sales of automotive control systems. The company's main products include three categories: automotive speed control system assembly, electronic accelerator pedal, and automotive cable.
81GF Score
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