Hangzhou First Applied Material Co (SHSE:603806) ROCE %: 13.19% (As of Jun. 2026)

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SHSE:603806 Hangzhou First Applied Material Co Ltd SHSE:603806
87 GF Score
Price ¥15.45
GF Value ¥12.30
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Hangzhou First Applied Material Co ROCE %?

Hangzhou First Applied Material Co SHSE:603806 -0.90% 87 ROCE % is 13.19% as of Jun. 2026. GuruFocus rates SHSE:603806 with a GF Score™ of 87/100 and a GF Value™ of ¥12.30 (Modestly Overvalued). The stock has 5 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. Hangzhou First Applied Material Co's annualized ROCE % for the quarter that ended in Jun. 2026 was 13.19%.

Hangzhou First Applied Material Co  (SHSE:603806) 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.

Hangzhou First Applied Material Co ROCE % Related Terms

Hangzhou First Applied Material Co ROCE % Historical Data

* Premium members only.

The historical data trend for Hangzhou First Applied Material 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.

Hangzhou First Applied Material Co ROCE % Chart

Hangzhou First Applied Material 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 21.87 11.96 12.10 8.02 4.66

Hangzhou First Applied Material Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.00 4.71 2.57 7.19 13.19
SHSE:603806
87GF Score
Hangzhou First Applied Material Co Ltd SHSE:603806
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hangzhou First Applied Material Co ROCE % Calculation

Hangzhou First Applied Material 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 )
=916.689/( ( (21211.809 - 1456.06) + (20619.494 - 1054.241) )/ 2 )
=916.689/( (19755.749+19565.253)/ 2 )
=916.689/19660.501
=4.66 %

Hangzhou First Applied Material Co's ROCE % of for the quarter that ended in Jun. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=2633.456/( ( (21004.187 - 1198.907) + (21386.011 - 1253.639) )/ 2 )
=2633.456/( ( 19805.28 + 20132.372 )/ 2 )
=2633.456/19968.826
=13.19 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 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 13.19% mean?
Hangzhou First Applied Material Co (SHSE:603806) has a ROCE % of 13.19% as of Jun. 2026.
Is Hangzhou First Applied Material Co's ROCE % too high?
Hangzhou First Applied Material Co's current ROCE % is 13.19%. The Semiconductors industry median ROCE % is 6.34. Hangzhou First Applied Material Co's value of 13.19% is 108% above this industry median. Overall, Hangzhou First Applied Material Co has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hangzhou First Applied Material Co's ROCE % compare to AMAT and LRCX?
Hangzhou First Applied Material Co's ROCE % of 13.19% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 6.34. Hangzhou First Applied Material Co's value of 13.19% is 108% 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 Semiconductors company?
The median ROCE % among Semiconductors companies is 6.34, based on 1,023 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. Hangzhou First Applied Material Co's current ROCE % of 13.19% is 108% 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 Semiconductors industry, the median ROCE % is 6.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangzhou First Applied Material Co's current ROCE % is 13.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou First Applied Material Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou First Applied Material Co (SHSE:603806) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥12.30, compared to a current price of ¥15.45 — trading 25.6% above its estimated fair value. The current ROCE % is 13.19% and 108% above the Semiconductors industry median of 6.34. Hangzhou First Applied Material Co's overall GF Score™ is 87/100 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 Hangzhou First Applied Material Co (SHSE:603806), the current ROCE % is 13.19% as of Jun. 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 Hangzhou First Applied Material Co (SHSE:603806) Overvalued in 2026?

Based on GuruFocus' analysis, Hangzhou First Applied Material Co stock appears to be overvalued. The current stock price of ¥15.45 is trading 25.6% above its estimated GF Value™ of ¥12.30. GuruFocus considers Hangzhou First Applied Material Co to be Modestly Overvalued.

Key valuation signals for SHSE:603806:

  • ROCE %: 13.19%
  • GF Value™: ¥12.30 vs. price of ¥15.45 (25.6% above fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 108% above the Semiconductors median

No single metric tells the full story. See the SHSE:603806 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hangzhou First Applied Material Co Business Description

Address No. 8, Foster Street, Jinbei Street, Lin\'an District, Zhejiang Province, Hangzhou, CHN, 311300
Hangzhou First Applied Material Co Ltd is a China-based company engaged in the production of solar cell adhesive film, solar cell backplane, photosensitive dry film, flexible copper clad laminate, silicone material, hot melt adhesive film (hot melt adhesive), hot melt web film (double-sided adhesive), clothing accessories (lining cloth); sales of solar cell modules, cells, polysilicon, polymer materials, and chemical raw materials and products.
87GF Score

Get the complete analysis for SHSE:603806

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

¥15.45
Price
¥12.30
GF Value