North Electro-Optic Co (SHSE:600184) ROCE %: 0.18% (As of Mar. 2026)

What is North Electro-Optic Co ROCE %?

North Electro-Optic Co SHSE:600184 -10.00% 55 ROCE % is 0.18% as of Mar. 2026. GuruFocus rates SHSE:600184 with a GF Score™ of 55/100 and a GF Value™ of ¥13.33 (Significantly Overvalued). The stock has 9 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. North Electro-Optic Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 0.18%.

North Electro-Optic Co (SHSE:600184) 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.

North Electro-Optic Co ROCE % Related Terms

North Electro-Optic Co ROCE % Historical Data

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The historical data trend for North Electro-Optic 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.

North Electro-Optic Co ROCE % Chart

North Electro-Optic Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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2.75

3.15

3.17

-8.30

1.79

North Electro-Optic 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															0.21	2.17	1.72	2.83	0.18

55GF Score

North Electro-Optic Co Ltd SHSE:600184

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

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North Electro-Optic Co ROCE % Calculation

North Electro-Optic 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 )
	=	53.869	/	( ( (4195.414 - 1796.544)	+	(5306.494 - 1693.277) )	/ 2 )
	=	53.869	/	( (2398.87	+	3613.217)	/ 2 )
	=	53.869	/	3006.0435
	=	1.79 %

North Electro-Optic 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 )
	=	6.72	/	( ( (5306.494 - 1693.277)	+	(5450.152 - 1787.639) )	/ 2 )
	=	6.72	/	( ( 3613.217	+	3662.513 )	/ 2 )
	=	6.72	/	3637.865
	=	0.18 %

(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 0.18% mean?

North Electro-Optic Co (SHSE:600184) has a ROCE % of 0.18% as of Mar. 2026.

Is North Electro-Optic Co's ROCE % too high?

North Electro-Optic Co's current ROCE % is 0.18%. The Aerospace & Defense industry median ROCE % is 6.21. North Electro-Optic Co's value of 0.18% is 97.1% below this industry median. Overall, North Electro-Optic 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 North Electro-Optic Co's ROCE % compare to SPCX and GE?

North Electro-Optic Co's ROCE % of 0.18% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.21. North Electro-Optic Co's value of 0.18% is 97.1% 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 Aerospace & Defense company?

The median ROCE % among Aerospace & Defense companies is 6.21, based on 351 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. North Electro-Optic Co's current ROCE % of 0.18% is 97.1% 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 Aerospace & Defense industry, the median ROCE % is 6.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North Electro-Optic Co's current ROCE % is 0.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is North Electro-Optic Co stock overvalued right now?

Based on GuruFocus' analysis, North Electro-Optic Co (SHSE:600184) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥13.33, compared to a current price of ¥25.83 — trading 93.8% above its estimated fair value. The current ROCE % is 0.18% and 97.1% below the Aerospace & Defense industry median of 6.21. North Electro-Optic Co's overall GF Score™ is 55/100 with 9 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 North Electro-Optic Co (SHSE:600184), the current ROCE % is 0.18% 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 North Electro-Optic Co (SHSE:600184) Overvalued in 2026?

Based on GuruFocus' analysis, North Electro-Optic Co stock appears to be overvalued. The current stock price of ¥25.83 is trading 93.8% above its estimated GF Value™ of ¥13.33. GuruFocus considers North Electro-Optic Co to be Significantly Overvalued.

Key valuation signals for SHSE:600184:

ROCE %: 0.18%
GF Value™: ¥13.33 vs. price of ¥25.83 (93.8% above fair value)
GF Score™: 55/100 with 9 warning signs
Industry Position: 97.1% below the Aerospace & Defense median

No single metric tells the full story. See the SHSE:600184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

North Electro-Optic Co Business Description

Industry Industrials Aerospace & Defense

Comparable Companies SHSE:688281 SZSE:002389 SHSE:600967 SHSE:600316 SHSE:601606 SHSE:600038 SZSE:000697 SHSE:688523 SZSE:301306 SHSE:688563 SPCX GE RTX XPAR:AIR BA XPAR:SAF LSE:RR.LMT HWM GD

Address 67 Changhong Beilu, Xiangfan, Hubei, CHN, 441057

Website http://www.sicong.com

North Electro-Optic Co Ltd is a China-based company mainly engaged in the research and development, design, manufacture, and distribution of optoelectronic defense products. The company is also engaged in the manufacture and sales of optoelectronic materials and components.

55GF Score

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

¥25.83

Price

¥13.33

GF Value

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