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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. Noblelift Intelligent Equipment Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.05%.
Noblelift Intelligent Equipment Co (SHSE:603611) 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.
Noblelift Intelligent Equipment Co ROCE % Related Terms
Noblelift Intelligent Equipment Co ROCE % Historical 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.
(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.
Noblelift Intelligent Equipment Co (SHSE:603611) has a ROCE % of 10.05% as of Mar. 2026.
Is Noblelift Intelligent Equipment Co's ROCE % too high?
Noblelift Intelligent Equipment Co's current ROCE % is 10.05%. The Farm & Heavy Construction Machinery industry median ROCE % is 9.27. Noblelift Intelligent Equipment Co's value of 10.05% is 8.5% above this industry median. Overall, Noblelift Intelligent Equipment Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Noblelift Intelligent Equipment Co's ROCE % compare to CAT and DE?
Noblelift Intelligent Equipment Co's ROCE % of 10.05% can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median ROCE % is 9.27. Noblelift Intelligent Equipment Co's value of 10.05% is 8.5% 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 Farm & Heavy Construction Machinery company?
The median ROCE % among Farm & Heavy Construction Machinery companies is 9.27, based on 206 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. Noblelift Intelligent Equipment Co's current ROCE % of 10.05% is 8.5% 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 Farm & Heavy Construction Machinery industry, the median ROCE % is 9.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noblelift Intelligent Equipment Co's current ROCE % is 10.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noblelift Intelligent Equipment Co stock overvalued right now?
Based on GuruFocus' analysis, Noblelift Intelligent Equipment Co (SHSE:603611) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥21.14, compared to a current price of ¥16.52 — trading 21.9% below its estimated fair value. The current ROCE % is 10.05% and 8.5% above the Farm & Heavy Construction Machinery industry median of 9.27. Noblelift Intelligent Equipment Co's overall GF Score™ is 80/100 with 4 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 Noblelift Intelligent Equipment Co (SHSE:603611), the current ROCE % is 10.05% 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 Noblelift Intelligent Equipment Co (SHSE:603611) Overvalued in 2026?
Based on GuruFocus' analysis, Noblelift Intelligent Equipment Co stock appears to be undervalued.
The current stock price of ¥16.52 is trading 21.9% below its estimated GF Value™ of ¥21.14.
GuruFocus considers Noblelift Intelligent Equipment Co to be Modestly Undervalued.
Key valuation signals for SHSE:603611:
ROCE %: 10.05%
GF Value™: ¥21.14 vs. price of ¥16.52 (21.9% below fair value)
Industry Position: 8.5% above the Farm & Heavy Construction Machinery median
No single metric tells the full story. See the SHSE:603611 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noblelift Intelligent Equipment Co Ltd manufacturers that joined the industrial equipment. It is mainly engaged in the research, production, and sales of light industrial trucks and electric storage vehicles. The company's products and services include Hand pallet trucks, Industrial products, Forklift, Reach truck, Electric Stacker, After sales services, and others. Its products are used in manufacturing, logistics, construction, military systems, the textile industry, chemical industry, metallurgy industry, energy industry, and many other industries.
80GF Score
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