Hoymiles Power Electronics (SHSE:688032) ROCE %: -5.40% (As of Mar. 2026)


SHSE:688032 Hoymiles Power Electronics Inc SHSE:688032
80 GF Score
Price ¥83.14
GF Value ¥195.65
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Hoymiles Power Electronics ROCE %?

Hoymiles Power Electronics SHSE:688032 -1.18% 80 ROCE % is -5.40% as of Mar. 2026. GuruFocus rates SHSE:688032 with a GF Score™ of 80/100 and a GF Value™ of ¥195.65 (Significantly Undervalued). 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. Hoymiles Power Electronics's annualized ROCE % for the quarter that ended in Mar. 2026 was -5.40%.

Hoymiles Power Electronics  (SHSE:688032) 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.

Hoymiles Power Electronics ROCE % Related Terms

Hoymiles Power Electronics ROCE % Historical Data

* Premium members only.

The historical data trend for Hoymiles Power Electronics'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.

Hoymiles Power Electronics ROCE % Chart

Hoymiles Power Electronics Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only 7.01 9.80 9.19 5.47 -3.30

Hoymiles Power Electronics 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 -0.81 0.88 -6.66 -6.73 -5.40
SHSE:688032
80GF Score
Hoymiles Power Electronics Inc SHSE:688032
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoymiles Power Electronics ROCE % Calculation

Hoymiles Power Electronics'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 )
=-214.555/( ( (8333.248 - 1613.487) + (8379.716 - 2089.048) )/ 2 )
=-214.555/( (6719.761+6290.668)/ 2 )
=-214.555/6505.2145
=-3.30 %

Hoymiles Power Electronics'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 )
=-338.204/( ( (8379.716 - 2089.048) + (8886.953 - 2648.076) )/ 2 )
=-338.204/( ( 6290.668 + 6238.877 )/ 2 )
=-338.204/6264.7725
=-5.40 %

(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 -5.40% mean?
Hoymiles Power Electronics (SHSE:688032) has a ROCE % of -5.40% as of Mar. 2026.
Is Hoymiles Power Electronics' ROCE % too high?
Hoymiles Power Electronics' current ROCE % is -5.40%. Overall, Hoymiles Power Electronics has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoymiles Power Electronics' ROCE % compare to VRT and BE?
Hoymiles Power Electronics' ROCE % of -5.40% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.06. 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 7.06, 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 7.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoymiles Power Electronics's current ROCE % is -5.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoymiles Power Electronics stock overvalued right now?
Based on GuruFocus' analysis, Hoymiles Power Electronics (SHSE:688032) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥195.65, compared to a current price of ¥83.14 — trading 57.5% below its estimated fair value. The current ROCE % is -5.40%. Hoymiles Power Electronics' overall GF Score™ is 80/100 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 Hoymiles Power Electronics (SHSE:688032), the current ROCE % is -5.40% 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 Hoymiles Power Electronics (SHSE:688032) Overvalued in 2026?

Based on GuruFocus' analysis, Hoymiles Power Electronics stock appears to be undervalued. The current stock price of ¥83.14 is trading 57.5% below its estimated GF Value™ of ¥195.65. GuruFocus considers Hoymiles Power Electronics to be Significantly Undervalued.

Key valuation signals for SHSE:688032:

  • ROCE %: -5.40%
  • GF Value™: ¥195.65 vs. price of ¥83.14 (57.5% below fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the SHSE:688032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hoymiles Power Electronics Business Description

Address No. 18 Kangjing Road, 3rd Floor, Building 11, Gongshu District, Zhejiang Province, Hangzhou, CHN, 310015
Hoymiles Power Electronics Inc is engaged in the research and development, manufacturing, and sales of photovoltaic inverters and other power conversion equipment and electrical complete sets of equipment and related products.
80GF Score

Get the complete analysis for SHSE:688032

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

¥83.14
Price
¥195.65
GF Value