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3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Shanghainmao Enterprise (Group) Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -6.43%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
SHSE:600689's 3-Year ROIIC % is ranked worse than 65.45% of 1013
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.53
vs SHSE:600689: -6.43
Shanghainmao Enterprise (Group) Co (SHSE:600689) 3-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.
Shanghainmao Enterprise (Group) Co 3-Year ROIIC % Related Terms
Shanghainmao Enterprise (Group) Co 3-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.
Shanghainmao Enterprise (Group) Co 3-Year ROIIC % Chart
Shanghainmao Enterprise (Group) Co 3-Year ROIIC % Competitor Comparison
For the Textile Manufacturing subindustry, Shanghainmao Enterprise (Group) Co's 3-Year ROIIC %, along with its competitors' market caps and 3-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.
Shanghainmao Enterprise (Group) Co 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shanghainmao Enterprise (Group) Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Shanghainmao Enterprise (Group) Co's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 4.6636983 (Dec. 2025) - 8.515 (Dec. 2022) )
/
( 399.872 (Dec. 2025) - 340.021 (Dec. 2022) )
=
-3.8513017
/
59.851
=
-6.43%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-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.
Shanghainmao Enterprise (Group) Co (SHSE:600689) has a 3-Year ROIIC % of -6.43 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Shanghainmao Enterprise (Group) Co and its competitors. According to the industry distribution chart, Shanghainmao Enterprise (Group) Co ranks #663 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 65.4%.
Is Shanghainmao Enterprise (Group) Co's 3-Year ROIIC % too high?
Shanghainmao Enterprise (Group) Co's current 3-Year ROIIC % is -6.43. Based on the distribution chart, Shanghainmao Enterprise (Group) Co ranks #663 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Shanghainmao Enterprise (Group) Co has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shanghainmao Enterprise (Group) Co's 3-Year ROIIC % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shanghainmao Enterprise (Group) Co ranks #663 out of 1013 companies for 3-Year ROIIC %. This places Shanghainmao Enterprise (Group) Co in the lower half of its industry. The industry median 3-Year ROIIC % is 1.53. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Manufacturing - Apparel & Accessories company?
The median 3-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 1.53, based on 1,013 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Shanghainmao Enterprise (Group) Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghainmao Enterprise (Group) Co's current 3-Year ROIIC % is -6.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghainmao Enterprise (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghainmao Enterprise (Group) Co (SHSE:600689) is currently considered Possible Value Trap. The stock's GF Value™ is ¥14.95, compared to a current price of ¥10.17 — trading 32% below its estimated fair value. The current 3-Year ROIIC % is -6.43. Shanghainmao Enterprise (Group) Co's overall GF Score™ is 57/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Shanghainmao Enterprise (Group) Co (SHSE:600689), the current 3-Year ROIIC % is -6.43 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 Shanghainmao Enterprise (Group) Co (SHSE:600689) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghainmao Enterprise (Group) Co stock appears to be undervalued.
The current stock price of ¥10.17 is trading 32% below its estimated GF Value™ of ¥14.95.
GuruFocus considers Shanghainmao Enterprise (Group) Co to be Possible Value Trap.
Key valuation signals for SHSE:600689:
3-Year ROIIC %: -6.43
GF Value™: ¥14.95 vs. price of ¥10.17 (32% below fair value)
No single metric tells the full story. See the SHSE:600689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Sanmao Enterprise (Group) Co Ltd is in the business of importing and exporting of woolen textile products. Further, it is also involved in real estate investment, modern estate management, development and management of real estate, sale of wool textile and related products and services. Geographically, the activities are carried out in China. The company generates key revenue from the import and export trade of textile products.
57GF Score
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