Qingdao Hanhe Cable Co (SZSE:002498) ROCE %: 8.22% (As of Jun. 2026)

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SZSE:002498 Qingdao Hanhe Cable Co Ltd SZSE:002498
62 GF Score
Price ¥7.00
GF Value ¥4.59
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Qingdao Hanhe Cable Co ROCE %?

Qingdao Hanhe Cable Co SZSE:002498 +2.34% 62 ROCE % is 8.22% as of Jun. 2026. GuruFocus rates SZSE:002498 with a GF Score™ of 62/100 and a GF Value™ of ¥4.59 (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. Qingdao Hanhe Cable Co's annualized ROCE % for the quarter that ended in Jun. 2026 was 8.22%.

Qingdao Hanhe Cable Co  (SZSE:002498) 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.

Qingdao Hanhe Cable Co ROCE % Related Terms

Qingdao Hanhe Cable Co ROCE % Historical Data

* Premium members only.

The historical data trend for Qingdao Hanhe Cable 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.

Qingdao Hanhe Cable Co ROCE % Chart

Qingdao Hanhe Cable 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 13.73 12.53 11.42 9.24 7.57

Qingdao Hanhe Cable Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.81 10.33 4.49 8.51 8.22
SZSE:002498
62GF Score
Qingdao Hanhe Cable Co Ltd SZSE:002498
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Qingdao Hanhe Cable Co ROCE % Calculation

Qingdao Hanhe Cable 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 )
=656.519/( ( (11444.903 - 3174.53) + (12501.098 - 3433.209) )/ 2 )
=656.519/( (8270.373+9067.889)/ 2 )
=656.519/8669.131
=7.57 %

Qingdao Hanhe Cable Co's ROCE % of for the quarter that ended in Jun. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=738.04/( ( (13268.666 - 4299.343) + (14012.751 - 5024.706) )/ 2 )
=738.04/( ( 8969.323 + 8988.045 )/ 2 )
=738.04/8978.684
=8.22 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 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 8.22% mean?
Qingdao Hanhe Cable Co (SZSE:002498) has a ROCE % of 8.22% as of Jun. 2026.
Is Qingdao Hanhe Cable Co's ROCE % too high?
Qingdao Hanhe Cable Co's current ROCE % is 8.22%. The Industrial Products industry median ROCE % is 7.25. Qingdao Hanhe Cable Co's value of 8.22% is 13.4% above this industry median. Overall, Qingdao Hanhe Cable Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Qingdao Hanhe Cable Co's ROCE % compare to VRT and BE?
Qingdao Hanhe Cable Co's ROCE % of 8.22% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.25. Qingdao Hanhe Cable Co's value of 8.22% is 13.4% 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 an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.25, based on 3,044 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. Qingdao Hanhe Cable Co's current ROCE % of 8.22% is 13.4% 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 Industrial Products industry, the median ROCE % is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qingdao Hanhe Cable Co's current ROCE % is 8.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qingdao Hanhe Cable Co stock overvalued right now?
Based on GuruFocus' analysis, Qingdao Hanhe Cable Co (SZSE:002498) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.59, compared to a current price of ¥7.00 — trading 52.5% above its estimated fair value. The current ROCE % is 8.22% and 13.4% above the Industrial Products industry median of 7.25. Qingdao Hanhe Cable Co's overall GF Score™ is 62/100 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 Qingdao Hanhe Cable Co (SZSE:002498), the current ROCE % is 8.22% as of Jun. 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 Qingdao Hanhe Cable Co (SZSE:002498) Overvalued in 2026?

Based on GuruFocus' analysis, Qingdao Hanhe Cable Co stock appears to be overvalued. The current stock price of ¥7.00 is trading 52.5% above its estimated GF Value™ of ¥4.59. GuruFocus considers Qingdao Hanhe Cable Co to be Significantly Overvalued.

Key valuation signals for SZSE:002498:

  • ROCE %: 8.22%
  • GF Value™: ¥4.59 vs. price of ¥7.00 (52.5% above fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 13.4% above the Industrial Products median

No single metric tells the full story. See the SZSE:002498 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Qingdao Hanhe Cable Co Business Description

Address No. 628, Jiushui East Road, Laoshan District, Shandong Province, Qingdao city, CHN
Qingdao Hanhe Cable Co Ltd is engaged in the research, development, and manufacture of wires and cables in China. The company offers power cables, cable accessories, submarine cables, optical power composite cables, electrical equipment wires and cables, overhead conductors, communication cables, radio-frequency cables, bus bar and prefabricated branch cables, nuclear plant cables, fire-resistant cables, and DC series cables.
62GF Score

Get the complete analysis for SZSE:002498

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

¥7.00
Price
¥4.59
GF Value