Ningbo Ocean Shipping Co (SHSE:601022) ROCE %: 10.84% (As of Mar. 2026)


SHSE:601022 Ningbo Ocean Shipping Co Ltd SHSE:601022
78 GF Score
Price ¥7.85
GF Value ¥11.50
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Ningbo Ocean Shipping Co ROCE %?

Ningbo Ocean Shipping Co SHSE:601022 +1.29% 78 ROCE % is 10.84% as of Mar. 2026. GuruFocus rates SHSE:601022 with a GF Score™ of 78/100 and a GF Value™ of ¥11.50 (Significantly Undervalued). 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. Ningbo Ocean Shipping Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.84%.

Ningbo Ocean Shipping Co  (SHSE:601022) 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 Ocean Shipping Co ROCE % Related Terms

Ningbo Ocean Shipping Co ROCE % Historical Data

* Premium members only.

The historical data trend for Ningbo Ocean Shipping 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 Ocean Shipping Co ROCE % Chart

Ningbo Ocean Shipping Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial 21.43 18.91 11.53 12.40 14.04

Ningbo Ocean Shipping 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 15.35 17.40 13.20 10.37 10.84
SHSE:601022
78GF Score
Ningbo Ocean Shipping Co Ltd SHSE:601022
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ningbo Ocean Shipping Co ROCE % Calculation

Ningbo Ocean Shipping 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 )
=881.433/( ( (8208.817 - 2176.569) + (8793.219 - 2265.833) )/ 2 )
=881.433/( (6032.248+6527.386)/ 2 )
=881.433/6279.817
=14.04 %

Ningbo Ocean Shipping 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 )
=742.756/( ( (8793.219 - 2265.833) + (9137.653 - 1965.765) )/ 2 )
=742.756/( ( 6527.386 + 7171.888 )/ 2 )
=742.756/6849.637
=10.84 %

(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 10.84% mean?
Ningbo Ocean Shipping Co (SHSE:601022) has a ROCE % of 10.84% as of Mar. 2026.
Is Ningbo Ocean Shipping Co's ROCE % too high?
Ningbo Ocean Shipping Co's current ROCE % is 10.84%. The Transportation industry median ROCE % is 7.73. Ningbo Ocean Shipping Co's value of 10.84% is 40.2% above this industry median. Overall, Ningbo Ocean Shipping Co has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Ocean Shipping Co's ROCE % compare to competitors?
Ningbo Ocean Shipping Co's ROCE % of 10.84% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.73. Ningbo Ocean Shipping Co's value of 10.84% is 40.2% 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 a Transportation company?
The median ROCE % among Transportation companies is 7.73, based on 988 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 Ocean Shipping Co's current ROCE % of 10.84% is 40.2% 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 Transportation industry, the median ROCE % is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Ocean Shipping Co's current ROCE % is 10.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Ocean Shipping Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Ocean Shipping Co (SHSE:601022) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥11.50, compared to a current price of ¥7.85 — trading 31.7% below its estimated fair value. The current ROCE % is 10.84% and 40.2% above the Transportation industry median of 7.73. Ningbo Ocean Shipping Co's overall GF Score™ is 78/100 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 Ningbo Ocean Shipping Co (SHSE:601022), the current ROCE % is 10.84% 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 Ocean Shipping Co (SHSE:601022) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo Ocean Shipping Co stock appears to be undervalued. The current stock price of ¥7.85 is trading 31.7% below its estimated GF Value™ of ¥11.50. GuruFocus considers Ningbo Ocean Shipping Co to be Significantly Undervalued.

Key valuation signals for SHSE:601022:

  • ROCE %: 10.84%
  • GF Value™: ¥11.50 vs. price of ¥7.85 (31.7% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 40.2% above the Transportation median

No single metric tells the full story. See the SHSE:601022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ningbo Ocean Shipping Co Business Description

Address Building 2, Bei'an Fortune Center, Jiangbei District, Zhejiang Province, Ningbo, CHN, 315020
Ningbo Ocean Shipping Co Ltd specializing in the operation of cross-strait, China-Japan, China-Korea, Southeast Asia container liner routes and domestic container public transportation.
78GF Score

Get the complete analysis for SHSE:601022

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

¥7.85
Price
¥11.50
GF Value