Zhejiang Hailiang Co (SZSE:002203) ROCE %: 11.32% (As of Mar. 2026)

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SZSE:002203 Zhejiang Hailiang Co Ltd SZSE:002203
80 GF Score
Price ¥19.08
GF Value ¥11.48
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Zhejiang Hailiang Co ROCE %?

Zhejiang Hailiang Co SZSE:002203 -1.19% 80 ROCE % is 11.32% as of Mar. 2026. GuruFocus rates SZSE:002203 with a GF Score™ of 80/100 and a GF Value™ of ¥11.48 (Significantly 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. Zhejiang Hailiang Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 11.32%.

Zhejiang Hailiang Co  (SZSE:002203) 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 Hailiang Co ROCE % Related Terms

Zhejiang Hailiang Co ROCE % Historical Data

* Premium members only.

The historical data trend for Zhejiang Hailiang 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 Hailiang Co ROCE % Chart

Zhejiang Hailiang 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 10.56 10.16 8.25 5.57 7.61

Zhejiang Hailiang 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 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 9.83 10.65 7.41 3.72 11.32
SZSE:002203
80GF Score
Zhejiang Hailiang Co Ltd SZSE:002203
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhejiang Hailiang Co ROCE % Calculation

Zhejiang Hailiang 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 )
=1874.004/( ( (44479.522 - 22034.606) + (48128.2 - 21307.103) )/ 2 )
=1874.004/( (22444.916+26821.097)/ 2 )
=1874.004/24633.0065
=7.61 %

Zhejiang Hailiang 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 )
=3067.96/( ( (48128.2 - 21307.103) + (52190.117 - 24797.045) )/ 2 )
=3067.96/( ( 26821.097 + 27393.072 )/ 2 )
=3067.96/27107.0845
=11.32 %

(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 11.32% mean?
Zhejiang Hailiang Co (SZSE:002203) has a ROCE % of 11.32% as of Mar. 2026.
Is Zhejiang Hailiang Co's ROCE % too high?
Zhejiang Hailiang Co's current ROCE % is 11.32%. Overall, Zhejiang Hailiang Co has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Hailiang Co's ROCE % compare to SCCO and FCX?
Zhejiang Hailiang Co's ROCE % of 11.32% can be compared against companies in the Metals & Mining industry. 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 Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. 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. Zhejiang Hailiang Co's current ROCE % is 11.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Hailiang Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Hailiang Co (SZSE:002203) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥11.48, compared to a current price of ¥19.08 — trading 66.2% above its estimated fair value. The current ROCE % is 11.32%. Zhejiang Hailiang Co's 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 Zhejiang Hailiang Co (SZSE:002203), the current ROCE % is 11.32% 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 Hailiang Co (SZSE:002203) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Hailiang Co stock appears to be overvalued. The current stock price of ¥19.08 is trading 66.2% above its estimated GF Value™ of ¥11.48. GuruFocus considers Zhejiang Hailiang Co to be Significantly Overvalued.

Key valuation signals for SZSE:002203:

  • ROCE %: 11.32%
  • GF Value™: ¥11.48 vs. price of ¥19.08 (66.2% above fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the SZSE:002203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zhejiang Hailiang Co Business Description

Address Zhejiang Diankou Town Industrial Zone, Zhejiang Province, Zhuji, CHN, 311835
Zhejiang Hailiang Co Ltd is engaged in the R&D, production, marketing and servicing of copper and copper products. The company is also engaged in manufacturing copper tubes, copper alloy tube and copper rods; and exports copper tubing products.
80GF Score

Get the complete analysis for SZSE:002203

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

¥19.08
Price
¥11.48
GF Value