Ningbo United Group Co (SHSE:600051) ROCE %: 1.19% (As of Mar. 2026)

What is Ningbo United Group Co ROCE %?

Ningbo United Group Co SHSE:600051 +2.44% 55 ROCE % is 1.19% as of Mar. 2026. GuruFocus rates SHSE:600051 with a GF Score™ of 55/100 and a GF Value™ of ¥4.25 (Significantly Overvalued). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Ningbo United Group Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 1.19%.

Ningbo United Group Co (SHSE:600051) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Ningbo United Group Co ROCE % Related Terms

Ningbo United Group Co ROCE % Historical Data

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The historical data trend for Ningbo United Group Co's ROCE % 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.

Ningbo United Group Co ROCE % Chart

Ningbo United Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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15.75

6.16

3.99

3.28

2.18

Ningbo United Group Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															1.78	2.68	3.09	1.24	1.19

55GF Score

Ningbo United Group Co Ltd SHSE:600051

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Ningbo United Group Co ROCE % Calculation

Ningbo United Group Co's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	83.572	/	( ( (5214.07 - 1356.388)	+	(4500.398 - 705.414) )	/ 2 )
	=	83.572	/	( (3857.682	+	3794.984)	/ 2 )
	=	83.572	/	3826.333
	=	2.18 %

Ningbo United Group Co's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	45.636	/	( ( (4500.398 - 705.414)	+	(4551.45 - 705.762) )	/ 2 )
	=	45.636	/	( ( 3794.984	+	3845.688 )	/ 2 )
	=	45.636	/	3820.336
	=	1.19 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 1.19% mean?

Ningbo United Group Co (SHSE:600051) has a ROCE % of 1.19% as of Mar. 2026.

Is Ningbo United Group Co's ROCE % too high?

Ningbo United Group Co's current ROCE % is 1.19%. The Industrial Distribution industry median ROCE % is 9.51. Ningbo United Group Co's value of 1.19% is 87.5% below this industry median. Overall, Ningbo United Group Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Ningbo United Group Co's ROCE % compare to GWW and FAST?

Ningbo United Group Co's ROCE % of 1.19% can be compared against companies in the Industrial Distribution industry. The industry median ROCE % is 9.51. Ningbo United Group Co's value of 1.19% is 87.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Industrial Distribution company?

The median ROCE % among Industrial Distribution companies is 9.51, based on 158 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ningbo United Group Co's current ROCE % of 1.19% is 87.5% below 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Distribution industry, the median ROCE % is 9.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo United Group Co's current ROCE % is 1.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ningbo United Group Co stock overvalued right now?

Based on GuruFocus' analysis, Ningbo United Group Co (SHSE:600051) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.25, compared to a current price of ¥5.88 — trading 38.4% above its estimated fair value. The current ROCE % is 1.19% and 87.5% below the Industrial Distribution industry median of 9.51. Ningbo United Group Co's overall GF Score™ is 55/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Ningbo United Group Co (SHSE:600051), the current ROCE % is 1.19% as of Mar. 2026. 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 Ningbo United Group Co (SHSE:600051) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo United Group Co stock appears to be overvalued. The current stock price of ¥5.88 is trading 38.4% above its estimated GF Value™ of ¥4.25. GuruFocus considers Ningbo United Group Co to be Significantly Overvalued.

Key valuation signals for SHSE:600051:

ROCE %: 1.19%
GF Value™: ¥4.25 vs. price of ¥5.88 (38.4% above fair value)
GF Score™: 55/100 with 7 warning signs
Industry Position: 87.5% below the Industrial Distribution median

No single metric tells the full story. See the SHSE:600051 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ningbo United Group Co Business Description

Industry Industrials Industrial Distribution

Comparable Companies SHSE:600735 BJSE:920871 SZSE:300434 SZSE:000151 BJSE:920119 GWW FAST FERG WCC WSO TSX:TIH QXO LSE:DPLM AIT OSTO:ADDT B CNM TSX:FTT POOL OSTO:INDT OSTO:BEIJ B

Address United Building No. 1 Donghai Road, Economic Development Zone, Zhejiang Province, Ningbo, CHN, 315803

Website http://www.nug.com.cn

Ningbo United Group Co Ltd is engaged in the development, manufacturing of energy, transportation, communications, municipal infrastructure, environmental protection equipment, instruments, general machinery, and electrical products.

55GF Score

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¥5.88

Price

¥4.25

GF Value

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