Offshore Oil Engineering Co (SHSE:600583) ROCE %: 7.15% (As of Mar. 2026)


SHSE:600583 Offshore Oil Engineering Co Ltd SHSE:600583
86 GF Score
Price ¥5.19
GF Value ¥5.57
Valuation Fairly Valued
! 3 Warning Signs
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What is Offshore Oil Engineering Co ROCE %?

Offshore Oil Engineering Co SHSE:600583 +1.57% 86 ROCE % is 7.15% as of Mar. 2026. GuruFocus rates SHSE:600583 with a GF Score™ of 86/100 and a GF Value™ of ¥5.57 (Fairly Valued). The stock has 3 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. Offshore Oil Engineering Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.15%.

Offshore Oil Engineering Co  (SHSE:600583) 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.

Offshore Oil Engineering Co ROCE % Related Terms

Offshore Oil Engineering Co ROCE % Historical Data

* Premium members only.

The historical data trend for Offshore Oil Engineering 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.

Offshore Oil Engineering Co ROCE % Chart

Offshore Oil Engineering Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.50 7.10 7.12 9.40 8.51

Offshore Oil Engineering 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 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 8.44 9.18 8.04 8.32 7.15
SHSE:600583
86GF Score
Offshore Oil Engineering Co Ltd SHSE:600583
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Offshore Oil Engineering Co ROCE % Calculation

Offshore Oil Engineering 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 )
=2548.316/( ( (48230.883 - 18424.787) + (49192.14 - 19117.212) )/ 2 )
=2548.316/( (29806.096+30074.928)/ 2 )
=2548.316/29940.512
=8.51 %

Offshore Oil Engineering 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 )
=2161.676/( ( (49192.14 - 19117.212) + (48213.963 - 17854.524) )/ 2 )
=2161.676/( ( 30074.928 + 30359.439 )/ 2 )
=2161.676/30217.1835
=7.15 %

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

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 7.15% mean?
Offshore Oil Engineering Co (SHSE:600583) has a ROCE % of 7.15% as of Mar. 2026.
Is Offshore Oil Engineering Co's ROCE % too high?
Offshore Oil Engineering Co's current ROCE % is 7.15%. The Oil & Gas industry median ROCE % is 6.88. Offshore Oil Engineering Co's value of 7.15% is 3.9% above this industry median. Overall, Offshore Oil Engineering Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Offshore Oil Engineering Co's ROCE % compare to SLB and BKR?
Offshore Oil Engineering Co's ROCE % of 7.15% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.88. Offshore Oil Engineering Co's value of 7.15% is 3.9% above 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 Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.88, based on 976 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. Offshore Oil Engineering Co's current ROCE % of 7.15% is 3.9% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Offshore Oil Engineering Co's current ROCE % is 7.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Offshore Oil Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Offshore Oil Engineering Co (SHSE:600583) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.57, compared to a current price of ¥5.19 — trading 6.8% below its estimated fair value. The current ROCE % is 7.15% and 3.9% above the Oil & Gas industry median of 6.88. Offshore Oil Engineering Co's overall GF Score™ is 86/100 with 3 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 Offshore Oil Engineering Co (SHSE:600583), the current ROCE % is 7.15% 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 Offshore Oil Engineering Co (SHSE:600583) Overvalued in 2026?

Based on GuruFocus' analysis, Offshore Oil Engineering Co stock appears to be undervalued. The current stock price of ¥5.19 is trading 6.8% below its estimated GF Value™ of ¥5.57. GuruFocus considers Offshore Oil Engineering Co to be Fairly Valued.

Key valuation signals for SHSE:600583:

  • ROCE %: 7.15%
  • GF Value™: ¥5.57 vs. price of ¥5.19 (6.8% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 3.9% above the Oil & Gas median

No single metric tells the full story. See the SHSE:600583 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Offshore Oil Engineering Co Business Description

Industry EnergyOil & Gas
Address No. 199, Haibin 15 Road, TianjinPort Free Trade Zone, Tianjin, CHN, 300461
Offshore Oil Engineering Co Ltd operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides technical services, subsea pipe maintenance, and other services for offshore oil underwater engineering; oil-gas field development and repair services; and consulting services for deep-sea engineering.
86GF Score

Get the complete analysis for SHSE:600583

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

¥5.19
Price
¥5.57
GF Value