Zhejiang Mustang Battery Co (SHSE:605378) ROCE %: -2.71% (As of Mar. 2026)

What is Zhejiang Mustang Battery Co ROCE %?

Zhejiang Mustang Battery Co SHSE:605378 +1.78% 76 ROCE % is -2.71% as of Mar. 2026. GuruFocus rates SHSE:605378 with a GF Score™ of 76/100 and a GF Value™ of ¥14.36 (Fairly Valued). The stock has 8 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. Zhejiang Mustang Battery Co's annualized ROCE % for the quarter that ended in Mar. 2026 was -2.71%.

Zhejiang Mustang Battery Co (SHSE:605378) 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 Mustang Battery Co ROCE % Related Terms

Zhejiang Mustang Battery Co ROCE % Historical Data

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The historical data trend for Zhejiang Mustang Battery 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.

Zhejiang Mustang Battery Co ROCE % Chart

Zhejiang Mustang Battery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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9.25

9.17

9.64

13.46

5.11

Zhejiang Mustang Battery 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															5.00	6.35	8.26	0.98	-2.71

76GF Score

Zhejiang Mustang Battery Co Ltd SHSE:605378

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Zhejiang Mustang Battery Co ROCE % Calculation

Zhejiang Mustang Battery 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 )
	=	67.105	/	( ( (1629.344 - 296.504)	+	(1479.891 - 187.857) )	/ 2 )
	=	67.105	/	( (1332.84	+	1292.034)	/ 2 )
	=	67.105	/	1312.437
	=	5.11 %

Zhejiang Mustang Battery 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 )
	=	-34.844	/	( ( (1479.891 - 187.857)	+	(1530.506 - 247.243) )	/ 2 )
	=	-34.844	/	( ( 1292.034	+	1283.263 )	/ 2 )
	=	-34.844	/	1287.6485
	=	-2.71 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -2.71% mean?

Zhejiang Mustang Battery Co (SHSE:605378) has a ROCE % of -2.71% as of Mar. 2026.

Is Zhejiang Mustang Battery Co's ROCE % too high?

Zhejiang Mustang Battery Co's current ROCE % is -2.71%. Overall, Zhejiang Mustang Battery Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Zhejiang Mustang Battery Co's ROCE % compare to VRT and BE?

Zhejiang Mustang Battery Co's ROCE % of -2.71% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.05. 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 7.05, based on 3,026 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 Industrial Products industry, the median ROCE % is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Mustang Battery Co's current ROCE % is -2.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Zhejiang Mustang Battery Co stock overvalued right now?

Based on GuruFocus' analysis, Zhejiang Mustang Battery Co (SHSE:605378) is currently considered Fairly Valued. The stock's GF Value™ is ¥14.36, compared to a current price of ¥14.29 — trading 0.5% below its estimated fair value. The current ROCE % is -2.71%. Zhejiang Mustang Battery Co's overall GF Score™ is 76/100 with 8 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 Mustang Battery Co (SHSE:605378), the current ROCE % is -2.71% 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 Mustang Battery Co (SHSE:605378) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Mustang Battery Co stock appears to be undervalued. The current stock price of ¥14.29 is trading 0.5% below its estimated GF Value™ of ¥14.36. GuruFocus considers Zhejiang Mustang Battery Co to be Fairly Valued.

Key valuation signals for SHSE:605378:

ROCE %: -2.71%
GF Value™: ¥14.36 vs. price of ¥14.29 (0.5% below fair value)
GF Score™: 76/100 with 8 warning signs

No single metric tells the full story. See the SHSE:605378 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zhejiang Mustang Battery Co Business Description

Industry Industrials Industrial Products

Comparable Companies SZSE:300068 SHSE:600212 SZSE:002724 SZSE:002356 SZSE:301157 SZSE:300822 SHSE:688680 SZSE:300414 SHSE:603679 BJSE:920100 SZSE:300750 XSWX:ABBN VRT BKK:DELTA TSE:6503 BE XKRX:373220 MIL:PRY SZSE:300274 XPAR:LR

Address 818 Rongji Road, Luotuo Street, Zhenhai District, Zhejiang Province, Ningbo, CHN, 315202

Website https://www.mustangbattery.com

Zhejiang Mustang Battery Co Ltd is engaged in the research and development, production and sales of high-performance, environmentally friendly zinc-manganese batteries.

76GF Score

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

¥14.29

Price

¥14.36

GF Value

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