Wafer Works (Shanghai) Co (SHSE:688584) 3-Year ROIIC % : -28.60% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:688584 Wafer Works (Shanghai) Co Ltd SHSE:688584
38 GF Score
Price ¥29.11
! 5 Warning Signs
View Full Analysis

What is Wafer Works (Shanghai) Co 3-Year ROIIC %?

Wafer Works (Shanghai) Co SHSE:688584 -1.75% 38 3-Year ROIIC % is -28.60 as of Dec. 2025. GuruFocus rates SHSE:688584 with a GF Score™ of 38/100. The stock has 5 warning signs investors should review. Among 996 Semiconductors companies, Wafer Works (Shanghai) Co ranks worse than 76% on this metric.

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. Wafer Works (Shanghai) Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -28.60%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Wafer Works (Shanghai) Co's 3-Year ROIIC % or its related term are showing as below:

SHSE:688584's 3-Year ROIIC % is ranked worse than
76% of 996 companies
in the Semiconductors industry
Industry Median: -0.19 vs SHSE:688584: -28.60

Wafer Works (Shanghai) Co  (SHSE:688584) 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.


Wafer Works (Shanghai) Co 3-Year ROIIC % Related Terms


Wafer Works (Shanghai) Co 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Wafer Works (Shanghai) Co's 3-Year ROIIC % 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.

Wafer Works (Shanghai) Co 3-Year ROIIC % Chart

Wafer Works (Shanghai) Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only 7.57 49.54 74.83 -186.45 -28.60

Wafer Works (Shanghai) Co Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -28.60 0.00

SHSE:688584 vs AMAT, LRCX, KLAC: 3-Year ROIIC % Comparison

For the Semiconductor Equipment & Materials subindustry, Wafer Works (Shanghai) 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.


Wafer Works (Shanghai) Co 3-Year ROIIC % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Wafer Works (Shanghai) Co's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Wafer Works (Shanghai) Co's 3-Year ROIIC % falls into.


SHSE:688584
38GF Score
Wafer Works (Shanghai) Co Ltd SHSE:688584
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wafer Works (Shanghai) Co 3-Year ROIIC % Calculation

Wafer Works (Shanghai) Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 128.8497088 (Dec. 2025) - 414.8382984 (Dec. 2022) )/( 4062.251 (Dec. 2025) - 3062.419 (Dec. 2022) )
=-285.9885896/999.832
=-28.60%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -28.60 mean?
Wafer Works (Shanghai) Co (SHSE:688584) has a 3-Year ROIIC % of -28.60 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 Wafer Works (Shanghai) Co and its competitors. According to the industry distribution chart, Wafer Works (Shanghai) Co ranks #757 out of 996 companies in the Semiconductors industry, placing it in the top 76%.
Is Wafer Works (Shanghai) Co's 3-Year ROIIC % too high?
Wafer Works (Shanghai) Co's current 3-Year ROIIC % is -28.60. Based on the distribution chart, Wafer Works (Shanghai) Co ranks #757 out of 996 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Wafer Works (Shanghai) Co has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Wafer Works (Shanghai) Co's 3-Year ROIIC % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Wafer Works (Shanghai) Co ranks #757 out of 996 companies for 3-Year ROIIC %. This places Wafer Works (Shanghai) Co in the lower 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 3-Year ROIIC % for a Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors industry context. 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 Wafer Works (Shanghai) Co and its competitors. Wafer Works (Shanghai) Co's current 3-Year ROIIC % is -28.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wafer Works (Shanghai) Co stock overvalued right now?
Wafer Works (Shanghai) Co (SHSE:688584) has a current 3-Year ROIIC % of -28.60. The current 3-Year ROIIC % is -28.60. Wafer Works (Shanghai) Co's overall GF Score™ is 38/100 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 Wafer Works (Shanghai) Co (SHSE:688584), the current 3-Year ROIIC % is -28.60 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.

Wafer Works (Shanghai) Co Business Description

Address Changta Road, No. 558, Shihudang Town, Songjiang District, Shanghai, CHN, 201617
Wafer Works (Shanghai) Co Ltd is engaged in the manufacturing of semiconductor silicon epitaxial wafers in China. Its main products are semiconductor silicon epitaxial wafers and is mainly used to prepare power devices and analog chips, and are widely used in automobiles, communications, electric power, industry, consumer electronics, high-end equipment, and other fields.
38GF Score

Get the complete analysis for SHSE:688584

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥29.11
Price