Sino Horizon Holdings (TPE:2923) ROCE %: -20.61% (As of Dec. 2025)

What is Sino Horizon Holdings ROCE %?

Sino Horizon Holdings TPE:2923 +0.56% 55 ROCE % is -20.61% as of Dec. 2025. GuruFocus rates TPE:2923 with a GF Score™ of 55/100 and a GF Value™ of NT$15.11 (Significantly Overvalued). The stock has 7 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. Sino Horizon Holdings's annualized ROCE % for the quarter that ended in Dec. 2025 was -20.61%.

Sino Horizon Holdings (TPE:2923) 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.

Sino Horizon Holdings ROCE % Related Terms

Sino Horizon Holdings ROCE % Historical Data

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The historical data trend for Sino Horizon Holdings'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.

Sino Horizon Holdings ROCE % Chart

Sino Horizon Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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2.57

3.93

6.32

5.46

-4.05

Sino Horizon Holdings Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25
ROCE %	Get a 7-Day Free Trial															4.44	0.29	-2.72	5.20	-20.61

55GF Score

Sino Horizon Holdings Ltd TPE:2923

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Sino Horizon Holdings ROCE % Calculation

Sino Horizon Holdings'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 )
	=	-4204.644	/	( ( (129993.212 - 23409.775)	+	(117466.15 - 16588.209) )	/ 2 )
	=	-4204.644	/	( (106583.437	+	100877.941)	/ 2 )
	=	-4204.644	/	103730.689
	=	-4.05 %

Sino Horizon Holdings's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2025 )		(Q: Sep. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Sep. 2025 )		(Q: Dec. 2025 )
	=	-19046.136	/	( ( (119120.799 - 35208.299)	+	(117466.15 - 16588.209) )	/ 2 )
	=	-19046.136	/	( ( 83912.5	+	100877.941 )	/ 2 )
	=	-19046.136	/	92395.2205
	=	-20.61 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -20.61% mean?

Sino Horizon Holdings (TPE:2923) has a ROCE % of -20.61% as of Dec. 2025.

Is Sino Horizon Holdings' ROCE % too high?

Sino Horizon Holdings' current ROCE % is -20.61%. Overall, Sino Horizon Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Sino Horizon Holdings' ROCE % compare to competitors?

Sino Horizon Holdings' ROCE % of -20.61% can be compared against companies in the Real Estate industry. The industry median ROCE % is 4.68. 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 Real Estate company?

The median ROCE % among Real Estate companies is 4.68, based on 1,755 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. 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 Real Estate industry, the median ROCE % is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sino Horizon Holdings's current ROCE % is -20.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Sino Horizon Holdings stock overvalued right now?

Based on GuruFocus' analysis, Sino Horizon Holdings (TPE:2923) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$15.11, compared to a current price of NT$27.05 — trading 79% above its estimated fair value. The current ROCE % is -20.61%. Sino Horizon Holdings' overall GF Score™ is 55/100 with 7 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 Sino Horizon Holdings (TPE:2923), the current ROCE % is -20.61% as of Dec. 2025. 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 Sino Horizon Holdings (TPE:2923) Overvalued in 2026?

Based on GuruFocus' analysis, Sino Horizon Holdings stock appears to be overvalued. The current stock price of NT$27.05 is trading 79% above its estimated GF Value™ of NT$15.11. GuruFocus considers Sino Horizon Holdings to be Significantly Overvalued.

Key valuation signals for TPE:2923:

ROCE %: -20.61%
GF Value™: NT$15.11 vs. price of NT$27.05 (79% above fair value)
GF Score™: 55/100 with 7 warning signs

No single metric tells the full story. See the TPE:2923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sino Horizon Holdings Business Description

Industry Real Estate Real Estate

Comparable Companies TPE:2539 TPE:2548 TPE:5522 TPE:2501 TPE:1808 TPE:5534 TPE:6177 ROCO:5213 TPE:2511 TPE:2524 HKSE:00016 DFM:EMAAR HKSE:01109 STC:VHM HKSE:01113 ADX:ALDAR TSE:1925 HKSE:00688 BOM:532868 DFM:EMAARDEV

Address Ruijin 2 road, No.450, Huangpu District, Shanghai, CHN

Website https://www.sinohorizon.tw

Sino Horizon Holdings Ltd provides real estate development services. The company manages, sells, leases, and develops real estate businesses in China. Its reportable segments include real-estate sales, commercial leasing, property management, and others. The company derives the maximum revenue from the real-estate sales segment. Geographically, it operates in Mainland China and Taiwan.

55GF Score

Get the complete analysis for TPE:2923

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

NT$27.05

Price

NT$15.11

GF Value

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