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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Techking Tires's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2026 was 22.46%.
As of today (2026-09-21), Techking Tires's WACC % is 10.93%. Techking Tires's ROIC % is 49.43% (calculated using TTM income statement data).
Techking Tires generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Techking Tires's WACC % is 10.93%. Techking Tires's ROIC % is 49.43% (calculated using TTM income statement data).
Techking Tires generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Techking Tires ROIC % Related Terms
Techking Tires ROIC % Historical Data
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The historical data trend for Techking Tires's ROIC % 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.
Techking Tires ROIC % Chart
Techking Tires Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
ROIC %
23.00
24.91
21.89
17.55
Techking Tires Quarterly Data
Dec24
Mar25
Mar26
Jun26
ROIC %
-
16.36
14.51
22.46
BJSE:920020 vs ORLY, AZO, GPC: ROIC % Comparison
For the Auto Parts subindustry, Techking Tires's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Techking Tires ROIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Techking Tires's ROIC % distribution charts can be found below:
* The bar in red indicates where Techking Tires's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Jun. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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.
Techking Tires (BJSE:920020) has a ROIC % of 22.46% as of Jun. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Techking Tires and its competitors.
Is Techking Tires' ROIC % too high?
Techking Tires' current ROIC % is 22.46%. The Vehicles & Parts industry median ROIC % is 5.06. Techking Tires' value of 22.46% is 343.9% above this industry median. Overall, Techking Tires has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Techking Tires' ROIC % compare to ORLY and AZO?
Techking Tires' ROIC % of 22.46% can be compared against companies in the Vehicles & Parts industry. The industry median ROIC % is 5.06. Techking Tires' value of 22.46% is 343.9% 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 ROIC % for a Vehicles & Parts company?
The median ROIC % among Vehicles & Parts companies is 5.06, based on 1,317 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Techking Tires's current ROIC % of 22.46% is 343.9% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Techking Tires and its competitors. For the Vehicles & Parts industry, the median ROIC % is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techking Tires's current ROIC % is 22.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techking Tires stock overvalued right now?
Techking Tires (BJSE:920020) has a current ROIC % of 22.46%. The current ROIC % is 22.46% and 343.9% above the Vehicles & Parts industry median of 5.06. Techking Tires' overall GF Score™ is 18/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Techking Tires (BJSE:920020), the current ROIC % is 22.46% 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.
Techking Tires Ltd is a company specializing in the design, development, sales, and service of tires for mining and construction equipment. The company offers various products and technical services, including tire manufacturing and rubber product sales. It also engages in technical consulting, development, and technology transfer, alongside import and export activities related to goods and technology. Techking serves both domestic and international markets with a focus on providing tires designed for specific applications, supported by an integrated product development system and localized marketing and service teams. The company aims to support the operational needs of the mining and construction industries by offering tailored tire solutions and related technical services.
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