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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. Shandong Dawn Polymer Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 14.46%.
Shandong Dawn Polymer Co (SZSE:002838) 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.
* 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.
(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.
Shandong Dawn Polymer Co (SZSE:002838) has a ROCE % of 14.46% as of Mar. 2026.
Is Shandong Dawn Polymer Co's ROCE % too high?
Shandong Dawn Polymer Co's current ROCE % is 14.46%. The Chemicals industry median ROCE % is 6.72. Shandong Dawn Polymer Co's value of 14.46% is 115.3% above this industry median. Overall, Shandong Dawn Polymer Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Dawn Polymer Co's ROCE % compare to LIN and SHW?
Shandong Dawn Polymer Co's ROCE % of 14.46% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.72. Shandong Dawn Polymer Co's value of 14.46% is 115.3% 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 Chemicals company?
The median ROCE % among Chemicals companies is 6.72, based on 1,592 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. Shandong Dawn Polymer Co's current ROCE % of 14.46% is 115.3% 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 Chemicals industry, the median ROCE % is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Dawn Polymer Co's current ROCE % is 14.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Dawn Polymer Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Dawn Polymer Co (SZSE:002838) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥18.43, compared to a current price of ¥27.19 — trading 47.5% above its estimated fair value. The current ROCE % is 14.46% and 115.3% above the Chemicals industry median of 6.72. Shandong Dawn Polymer Co's overall GF Score™ is 68/100 with 6 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 Shandong Dawn Polymer Co (SZSE:002838), the current ROCE % is 14.46% 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 Shandong Dawn Polymer Co (SZSE:002838) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Dawn Polymer Co stock appears to be overvalued.
The current stock price of ¥27.19 is trading 47.5% above its estimated GF Value™ of ¥18.43.
GuruFocus considers Shandong Dawn Polymer Co to be Significantly Overvalued.
Key valuation signals for SZSE:002838:
ROCE %: 14.46%
GF Value™: ¥18.43 vs. price of ¥27.19 (47.5% above fair value)
Industry Position: 115.3% above the Chemicals median
No single metric tells the full story. See the SZSE:002838 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Dawn Polymer Co Ltd is engaged in manufacturing of thermoplastic vulcanizates (TPV). The product range includes automobile materials, flame retardant plastic, flame retardant reinforced plastic, glass fiber reinforced plastic, plastic alloy, high-melt woven plastics, filler master batches, color master batch, special engineering plastics and others. The product is well sold in Chinese and other international marker such as Europe, East South of Asia, South Africa, becoming one of the largest scales of engineering plastic production base in China.
68GF Score
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