Xi an High Voltage Apparatus Research Institute Co (SHSE:688334) ROCE %: 10.87% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:688334 Xi an High Voltage Apparatus Research Institute Co Ltd SHSE:688334
90 GF Score
Price ¥17.20
GF Value ¥21.17
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Xi an High Voltage Apparatus Research Institute Co ROCE %?

Xi an High Voltage Apparatus Research Institute Co SHSE:688334 +0.12% 90 ROCE % is 10.87% as of Mar. 2026. GuruFocus rates SHSE:688334 with a GF Score™ of 90/100 and a GF Value™ of ¥21.17 (Modestly Undervalued). The stock has 2 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. Xi an High Voltage Apparatus Research Institute Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.87%.

Xi an High Voltage Apparatus Research Institute Co  (SHSE:688334) 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.

Xi an High Voltage Apparatus Research Institute Co ROCE % Related Terms

Xi an High Voltage Apparatus Research Institute Co ROCE % Historical Data

* Premium members only.

The historical data trend for Xi an High Voltage Apparatus Research Institute 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.

Xi an High Voltage Apparatus Research Institute Co ROCE % Chart

Xi an High Voltage Apparatus Research Institute Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial 6.18 6.74 9.01 8.96 10.12

Xi an High Voltage Apparatus Research Institute Co Quarterly Data
Dec19 Dec20 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 10.92 10.48 11.37 7.43 10.87
SHSE:688334
90GF Score
Xi an High Voltage Apparatus Research Institute Co Ltd SHSE:688334
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Xi an High Voltage Apparatus Research Institute Co ROCE % Calculation

Xi an High Voltage Apparatus Research Institute 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 )
=320.275/( ( (3548.077 - 490.629) + (3770.237 - 500.398) )/ 2 )
=320.275/( (3057.448+3269.839)/ 2 )
=320.275/3163.6435
=10.12 %

Xi an High Voltage Apparatus Research Institute 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 )
=359.468/( ( (3770.237 - 500.398) + (3830.845 - 488.289) )/ 2 )
=359.468/( ( 3269.839 + 3342.556 )/ 2 )
=359.468/3306.1975
=10.87 %

(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 10.87% mean?
Xi an High Voltage Apparatus Research Institute Co (SHSE:688334) has a ROCE % of 10.87% as of Mar. 2026.
Is Xi an High Voltage Apparatus Research Institute Co's ROCE % too high?
Xi an High Voltage Apparatus Research Institute Co's current ROCE % is 10.87%. The Business Services industry median ROCE % is 9.05. Xi an High Voltage Apparatus Research Institute Co's value of 10.87% is 20.1% above this industry median. Overall, Xi an High Voltage Apparatus Research Institute Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Xi an High Voltage Apparatus Research Institute Co's ROCE % compare to CTAS and CPRT?
Xi an High Voltage Apparatus Research Institute Co's ROCE % of 10.87% can be compared against companies in the Business Services industry. The industry median ROCE % is 9.05. Xi an High Voltage Apparatus Research Institute Co's value of 10.87% is 20.1% 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 Business Services company?
The median ROCE % among Business Services companies is 9.05, based on 1,071 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. Xi an High Voltage Apparatus Research Institute Co's current ROCE % of 10.87% is 20.1% 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 Business Services industry, the median ROCE % is 9.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xi an High Voltage Apparatus Research Institute Co's current ROCE % is 10.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xi an High Voltage Apparatus Research Institute Co stock overvalued right now?
Based on GuruFocus' analysis, Xi an High Voltage Apparatus Research Institute Co (SHSE:688334) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥21.17, compared to a current price of ¥17.20 — trading 18.8% below its estimated fair value. The current ROCE % is 10.87% and 20.1% above the Business Services industry median of 9.05. Xi an High Voltage Apparatus Research Institute Co's overall GF Score™ is 90/100 with 2 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 Xi an High Voltage Apparatus Research Institute Co (SHSE:688334), the current ROCE % is 10.87% 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 Xi an High Voltage Apparatus Research Institute Co (SHSE:688334) Overvalued in 2026?

Based on GuruFocus' analysis, Xi an High Voltage Apparatus Research Institute Co stock appears to be undervalued. The current stock price of ¥17.20 is trading 18.8% below its estimated GF Value™ of ¥21.17. GuruFocus considers Xi an High Voltage Apparatus Research Institute Co to be Modestly Undervalued.

Key valuation signals for SHSE:688334:

  • ROCE %: 10.87%
  • GF Value™: ¥21.17 vs. price of ¥17.20 (18.8% below fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 20.1% above the Business Services median

No single metric tells the full story. See the SHSE:688334 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Xi an High Voltage Apparatus Research Institute Co Business Description

Address No. 18, North Section of Xi'erhuan, Lianhu, Shaanxi, Xi'an, CHN, 710077
Xi an High Voltage Apparatus Research Institute Co Ltd is engaged in Inspection and testing, metrology, certification, and technical consulting services in the electrical field, conducting relevant technical research, standard formulation and revision, and provision of industry management and services.
90GF Score

Get the complete analysis for SHSE:688334

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

¥17.20
Price
¥21.17
GF Value