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1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year.
Zhejiang Red Dragonfly Footwear Co does not have enough data to calculate 1-Year ROIIC %.
Zhejiang Red Dragonfly Footwear Co (SHSE:603116) 1-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Zhejiang Red Dragonfly Footwear Co 1-Year ROIIC % Related Terms
Zhejiang Red Dragonfly Footwear Co 1-Year ROIIC % 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.
Zhejiang Red Dragonfly Footwear Co 1-Year ROIIC % Chart
SHSE:603116 vs NKE, DECK, ONON: 1-Year ROIIC % Comparison
For the Footwear & Accessories subindustry, Zhejiang Red Dragonfly Footwear Co's 1-Year ROIIC %, along with its competitors' market caps and 1-Year ROIIC % 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.
Zhejiang Red Dragonfly Footwear Co 1-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Red Dragonfly Footwear Co's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Zhejiang Red Dragonfly Footwear Co's 1-Year ROIIC % falls into.
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( (Dec. 1999) - (Dec. -0101) )
/
( (Dec. 1999) - (Dec. -0101) )
=
/
=
N/A%***
* 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.
** TTM data of NOPAT and Invested Capital was used to calculate 1-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Zhejiang Red Dragonfly Footwear Co (SHSE:603116) has a 1-Year ROIIC % of 8.19 as of Dec. 1999. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on Zhejiang Red Dragonfly Footwear Co and its competitors. According to the industry distribution chart, Zhejiang Red Dragonfly Footwear Co ranks #283 out of 731 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 38.7%.
Is Zhejiang Red Dragonfly Footwear Co's 1-Year ROIIC % too high?
Zhejiang Red Dragonfly Footwear Co's current 1-Year ROIIC % is 8.19. Based on the distribution chart, Zhejiang Red Dragonfly Footwear Co ranks #283 out of 731 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Zhejiang Red Dragonfly Footwear Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Red Dragonfly Footwear Co's 1-Year ROIIC % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Zhejiang Red Dragonfly Footwear Co ranks #283 out of 731 companies for 1-Year ROIIC %. This puts Zhejiang Red Dragonfly Footwear Co in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 1-Year ROIIC % for a Manufacturing - Apparel & Accessories company?
A good 1-Year ROIIC % depends on the Manufacturing - Apparel & Accessories industry context. However, 1-Year ROIIC % 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 1-Year ROIIC % mean?
A high 1-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on Zhejiang Red Dragonfly Footwear Co and its competitors. Zhejiang Red Dragonfly Footwear Co's current 1-Year ROIIC % is 8.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Red Dragonfly Footwear Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Red Dragonfly Footwear Co (SHSE:603116) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.11, compared to a current price of ¥6.60 — trading 8% above its estimated fair value. The current 1-Year ROIIC % is 8.19. Zhejiang Red Dragonfly Footwear Co's overall GF Score™ is 60/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 1-Year ROIIC % calculated?
1-Year ROIIC % is calculated from a company's financial statements. For Zhejiang Red Dragonfly Footwear Co (SHSE:603116), the current 1-Year ROIIC % is 8.19 as of Dec. 1999. 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 Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Red Dragonfly Footwear Co stock appears to be overvalued.
The current stock price of ¥6.60 is trading 8% above its estimated GF Value™ of ¥6.11.
GuruFocus considers Zhejiang Red Dragonfly Footwear Co to be Fairly Valued.
Key valuation signals for SHSE:603116:
1-Year ROIIC %: 8.19
GF Value™: ¥6.11 vs. price of ¥6.60 (8% above fair value)
No single metric tells the full story. See the SHSE:603116 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Red Dragonfly Footwear Co Ltd is engaged in research and development, production and sale of Red Dragonfly brand shoes and leather goods, clothing and other industry. The company main products include men's and women's shoes, children's shoes and apparels, leather belts, wallets, and leather handbags, among others.
60GF Score
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1-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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