ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. APEX Wind Power Equipment Manufacturing's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was -1.73%.
APEX Wind Power Equipment Manufacturing (ROCO:7702) ROIC % Explanation
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, APEX Wind Power Equipment Manufacturing's WACC % is 8.09%. APEX Wind Power Equipment Manufacturing's ROIC % is 1.54% (calculated using TTM income statement data).
APEX Wind Power Equipment Manufacturing earns returns that do not match up to its cost of capital. It will destroy value as it grows.
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.
APEX Wind Power Equipment Manufacturing ROIC % Related Terms
APEX Wind Power Equipment Manufacturing ROIC % Historical 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.
APEX Wind Power Equipment Manufacturing ROIC % Chart
APEX Wind Power Equipment Manufacturing Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
ROIC %
9.47
3.05
17.34
-1.97
1.69
APEX Wind Power Equipment Manufacturing Semi-Annual Data
For the Metal Fabrication subindustry, APEX Wind Power Equipment Manufacturing'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.
APEX Wind Power Equipment Manufacturing ROIC % vs Industrial Products Industry
Note:
The Operating Income data used here is two times the semi-annual (Dec. 2025) 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.
APEX Wind Power Equipment Manufacturing (ROCO:7702) has a ROIC % of -1.73% as of Dec. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on APEX Wind Power Equipment Manufacturing and its competitors.
Is APEX Wind Power Equipment Manufacturing's ROIC % too high?
APEX Wind Power Equipment Manufacturing's current ROIC % is -1.73%. Overall, APEX Wind Power Equipment Manufacturing has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does APEX Wind Power Equipment Manufacturing's ROIC % compare to CRS and ATI?
APEX Wind Power Equipment Manufacturing's ROIC % of -1.73% can be compared against companies in the Industrial Products industry. The industry median ROIC % is 5.17. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for an Industrial Products company?
The median ROIC % among Industrial Products companies is 5.17, based on 3,034 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. 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 APEX Wind Power Equipment Manufacturing and its competitors. For the Industrial Products industry, the median ROIC % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APEX Wind Power Equipment Manufacturing's current ROIC % is -1.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APEX Wind Power Equipment Manufacturing stock overvalued right now?
APEX Wind Power Equipment Manufacturing (ROCO:7702) has a current ROIC % of -1.73%. The current ROIC % is -1.73%. APEX Wind Power Equipment Manufacturing's overall GF Score™ is 15/100 with 9 warning signs to review. 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 APEX Wind Power Equipment Manufacturing (ROCO:7702), the current ROIC % is -1.73% 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.
APEX Wind Power Equipment Manufacturing Business Description
APEX Wind Power Equipment Manufacturing is a company that provides services ranging from steel plate storage, flame cutting (CNC), edge beveling, plate rolling, SAW submerged arc welding, to finished product related dimensional measurement and non-destructive test, APEX's one-stop service satisfies all clients with first-class products. It has great steel structure processing abilities and provides clients with the good services.
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