Ningbo Deye Technology (SHSE:605117) ROCE %: 49.09% (As of Mar. 2026)


SHSE:605117 Ningbo Deye Technology Corp SHSE:605117
88 GF Score
Price ¥96.44
GF Value ¥74.35
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Ningbo Deye Technology ROCE %?

Ningbo Deye Technology SHSE:605117 +1.88% 88 ROCE % is 49.09% as of Mar. 2026. GuruFocus rates SHSE:605117 with a GF Score™ of 88/100 and a GF Value™ of ¥74.35 (Modestly Overvalued). 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 Deye Technology's annualized ROCE % for the quarter that ended in Mar. 2026 was 49.09%.

Ningbo Deye Technology  (SHSE:605117) 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 Deye Technology ROCE % Related Terms

Ningbo Deye Technology ROCE % Historical Data

* Premium members only.

The historical data trend for Ningbo Deye Technology'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 Deye Technology ROCE % Chart

Ningbo Deye Technology 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 36.85 48.62 42.10 45.16 36.46

Ningbo Deye Technology 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 33.02 37.23 42.18 35.76 49.09
SHSE:605117
88GF Score
Ningbo Deye Technology Corp SHSE:605117
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ningbo Deye Technology ROCE % Calculation

Ningbo Deye Technology'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 )
=3693.283/( ( (15114.421 - 5510.272) + (19906.773 - 9249.965) )/ 2 )
=3693.283/( (9604.149+10656.808)/ 2 )
=3693.283/10130.4785
=36.46 %

Ningbo Deye Technology'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 )
=5552.388/( ( (19906.773 - 9249.965) + (21906.322 - 9939.596) )/ 2 )
=5552.388/( ( 10656.808 + 11966.726 )/ 2 )
=5552.388/11311.767
=49.09 %

(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 49.09% mean?
Ningbo Deye Technology (SHSE:605117) has a ROCE % of 49.09% as of Mar. 2026.
Is Ningbo Deye Technology's ROCE % too high?
Ningbo Deye Technology's current ROCE % is 49.09%. The Industrial Products industry median ROCE % is 7.05. Ningbo Deye Technology's value of 49.09% is 596.8% above this industry median. Overall, Ningbo Deye Technology has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Deye Technology's ROCE % compare to VRT and BE?
Ningbo Deye Technology's ROCE % of 49.09% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.05. Ningbo Deye Technology's value of 49.09% is 596.8% 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 Industrial Products company?
The median ROCE % among Industrial Products companies is 7.05, based on 3,026 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 Deye Technology's current ROCE % of 49.09% is 596.8% 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 Industrial Products industry, the median ROCE % is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Deye Technology's current ROCE % is 49.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Deye Technology stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Deye Technology (SHSE:605117) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥74.35, compared to a current price of ¥96.44 — trading 29.7% above its estimated fair value. The current ROCE % is 49.09% and 596.8% above the Industrial Products industry median of 7.05. Ningbo Deye Technology's overall GF Score™ is 88/100 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 Deye Technology (SHSE:605117), the current ROCE % is 49.09% 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 Deye Technology (SHSE:605117) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo Deye Technology stock appears to be overvalued. The current stock price of ¥96.44 is trading 29.7% above its estimated GF Value™ of ¥74.35. GuruFocus considers Ningbo Deye Technology to be Modestly Overvalued.

Key valuation signals for SHSE:605117:

  • ROCE %: 49.09%
  • GF Value™: ¥74.35 vs. price of ¥96.44 (29.7% above fair value)
  • GF Score™: 88/100 with 3 warning signs
  • Industry Position: 596.8% above the Industrial Products median

No single metric tells the full story. See the SHSE:605117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ningbo Deye Technology Business Description

Address No. 26, Yongjiang South Road, Daqi, Beilun District, Zhejiang Province, Ningbo, CHN, 315806
Ningbo Deye Technology Corp is engaged in the research, development, manufacturing, and sale of inverters, heat exchangers, and dehumidifiers. Its product range also includes refrigeration equipment, air and water purification systems, fresh air systems, solar air conditioners, variable frequency water pumps, and electronic controllers.
88GF Score

Get the complete analysis for SHSE:605117

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

¥96.44
Price
¥74.35
GF Value