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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.
Zhejiang Rongtai Electric Material Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 9.70%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Zhejiang Rongtai Electric Material Co (SHSE:603119) 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.
Zhejiang Rongtai Electric Material Co 3-Year ROIIC % Related Terms
Zhejiang Rongtai Electric Material 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.
Zhejiang Rongtai Electric Material Co 3-Year ROIIC % Chart
SHSE:603119 vs APH, GLW, TEL: 3-Year ROIIC % Comparison
For the Electronic Components subindustry, Zhejiang Rongtai Electric Material 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.
Zhejiang Rongtai Electric Material Co 3-Year ROIIC % vs Hardware Industry
* 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.
Zhejiang Rongtai Electric Material Co (SHSE:603119) has a 3-Year ROIIC % of 9.70 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 Zhejiang Rongtai Electric Material Co and its competitors. This is 61% below median its historical median of 24.74. Over the past decade, Zhejiang Rongtai Electric Material Co's 3-Year ROIIC % has ranged from 9.70 to 39.26. According to the industry distribution chart, Zhejiang Rongtai Electric Material Co ranks #931 out of 2368 companies in the Hardware industry, placing it in the top 39.3%.
Is Zhejiang Rongtai Electric Material Co's 3-Year ROIIC % too high?
Zhejiang Rongtai Electric Material Co's current 3-Year ROIIC % of 9.70 is 61% below median its 10-year median of 24.74. Over the past 10 years, this metric has ranged from a low of 9.70 to a high of 39.26. The Hardware industry median 3-Year ROIIC % is 2.36. Zhejiang Rongtai Electric Material Co's value of 9.70 is 311% above this industry median. Based on the distribution chart, Zhejiang Rongtai Electric Material Co ranks #931 out of 2368 companies in the Hardware industry, which is above the industry midpoint. Overall, Zhejiang Rongtai Electric Material Co has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Rongtai Electric Material Co's 3-Year ROIIC % compare to APH and GLW?
According to the Hardware industry distribution chart, Zhejiang Rongtai Electric Material Co ranks #931 out of 2368 companies for 3-Year ROIIC %. This puts Zhejiang Rongtai Electric Material Co in the upper half of its industry. The industry median 3-Year ROIIC % is 2.36. Zhejiang Rongtai Electric Material Co's value of 9.70 is 311% above this benchmark. Historically, Zhejiang Rongtai Electric Material Co's own 3-Year ROIIC % has ranged from 9.70 to 39.26 over the past decade. While the company's 10-year median is 24.74 vs. the industry median of 2.36, Zhejiang Rongtai Electric Material Co has consistently been above the industry average. 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.36, based on 2,368 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. Zhejiang Rongtai Electric Material Co's current 3-Year ROIIC % of 9.70 is 311% 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 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 Zhejiang Rongtai Electric Material Co and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Rongtai Electric Material Co's current 3-Year ROIIC % is 9.70, which is 61% below median its own 10-year median of 24.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Rongtai Electric Material Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co (SHSE:603119) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥38.30, compared to a current price of ¥46.95 — trading 22.6% above its estimated fair value. The current 3-Year ROIIC % is 9.70, which is 61% below median its 10-year median of 24.74 and 311% above the Hardware industry median of 2.36. Zhejiang Rongtai Electric Material Co's overall GF Score™ is 90/100 with 2 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 Zhejiang Rongtai Electric Material Co (SHSE:603119), the current 3-Year ROIIC % is 9.70 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 Zhejiang Rongtai Electric Material Co (SHSE:603119) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co stock appears to be overvalued.
The current stock price of ¥46.95 is trading 22.6% above its estimated GF Value™ of ¥38.30.
GuruFocus considers Zhejiang Rongtai Electric Material Co to be Modestly Overvalued.
Key valuation signals for SHSE:603119:
3-Year ROIIC %: 9.70 (61% below median its 10-year median of 24.74)
GF Value™: ¥38.30 vs. price of ¥46.95 (22.6% above fair value)
Industry Position: 311% above the Hardware median (#931 of 2368)
No single metric tells the full story. See the SHSE:603119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Rongtai Electric Material Co Ltd is a high-tech enterprise specializing in the research, development, production, and sales of new composite materials of high temperature resistant insulating mica with multiple plants in Zhejiang and Hunan, and is one of the global market leaders in mica products. Its main products include mica rigid materials, flexible materials, heat generating components, thermal management mica safety components and various mica derivative products. its mica products are widely used in new energy vehicles, rail transportation, aerospace and military ships, special wires and cables, intelligent household appliances and other related industrial fields, and provide customers with professional one-stop system solutions for electrical and thermal insulation.
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