Solax Power Network Technology (Zhejiang) Co (SHSE:688717) ROCE %: 4.96% (As of Mar. 2026)

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SHSE:688717 Solax Power Network Technology (Zhejiang) Co Ltd SHSE:688717
45 GF Score
Price ¥56.08
! 5 Warning Signs
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What is Solax Power Network Technology (Zhejiang) Co ROCE %?

Solax Power Network Technology (Zhejiang) Co SHSE:688717 -6.35% 45 ROCE % is 4.96% as of Mar. 2026. GuruFocus rates SHSE:688717 with a GF Score™ of 45/100. 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. Solax Power Network Technology (Zhejiang) Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.96%.

Solax Power Network Technology (Zhejiang) Co  (SHSE:688717) 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.

Solax Power Network Technology (Zhejiang) Co ROCE % Related Terms

Solax Power Network Technology (Zhejiang) Co ROCE % Historical Data

* Premium members only.

The historical data trend for Solax Power Network Technology (Zhejiang) 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.

Solax Power Network Technology (Zhejiang) Co ROCE % Chart

Solax Power Network Technology (Zhejiang) Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial 14.92 114.12 40.61 3.90 1.02

Solax Power Network Technology (Zhejiang) Co Quarterly Data
Dec19 Dec20 Dec21 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 3.63 7.63 -1.90 -5.29 4.96
SHSE:688717
45GF Score
Solax Power Network Technology (Zhejiang) Co Ltd SHSE:688717
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Solax Power Network Technology (Zhejiang) Co ROCE % Calculation

Solax Power Network Technology (Zhejiang) 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 )
=46.541/( ( (6136.238 - 1575.705) + (7151.199 - 2594.126) )/ 2 )
=46.541/( (4560.533+4557.073)/ 2 )
=46.541/4558.803
=1.02 %

Solax Power Network Technology (Zhejiang) 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 )
=227.784/( ( (7151.199 - 2594.126) + (8070.753 - 3440.776) )/ 2 )
=227.784/( ( 4557.073 + 4629.977 )/ 2 )
=227.784/4593.525
=4.96 %

(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 4.96% mean?
Solax Power Network Technology (Zhejiang) Co (SHSE:688717) has a ROCE % of 4.96% as of Mar. 2026.
Is Solax Power Network Technology (Zhejiang) Co's ROCE % too high?
Solax Power Network Technology (Zhejiang) Co's current ROCE % is 4.96%. The Semiconductors industry median ROCE % is 4.90. Solax Power Network Technology (Zhejiang) Co's value of 4.96% is 1.2% above this industry median. Overall, Solax Power Network Technology (Zhejiang) Co has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Solax Power Network Technology (Zhejiang) Co's ROCE % compare to FSLR and NXT?
Solax Power Network Technology (Zhejiang) Co's ROCE % of 4.96% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.90. Solax Power Network Technology (Zhejiang) Co's value of 4.96% is 1.2% 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 4.90, based on 1,018 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. Solax Power Network Technology (Zhejiang) Co's current ROCE % of 4.96% is 1.2% 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 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solax Power Network Technology (Zhejiang) Co's current ROCE % is 4.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solax Power Network Technology (Zhejiang) Co stock overvalued right now?
Solax Power Network Technology (Zhejiang) Co (SHSE:688717) has a current ROCE % of 4.96%. The current ROCE % is 4.96% and 1.2% above the Semiconductors industry median of 4.90. Solax Power Network Technology (Zhejiang) Co's overall GF Score™ is 45/100 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 Solax Power Network Technology (Zhejiang) Co (SHSE:688717), the current ROCE % is 4.96% 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.

Solax Power Network Technology (Zhejiang) Co Business Description

Address No. 333 Lianhua Street, 9th Floor, Tower C, Lianhua Business Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063
Solax Power Network Technology (Zhejiang) Co Ltd is engaged in providing photovoltaic energy storage systems and products.
45GF Score

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

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