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Sichuan Changhong New Energy Technology CoBJSE:920239 76 ROC (Joel Greenblatt) % is 9.99% as of Jun. 2026, which is 65% below its 10-year median of 28.32. GuruFocus rates BJSE:920239 with a GF Score™ of 76/100 and a GF Value™ of ¥31.29 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 3,076 Industrial Products companies, Sichuan Changhong New Energy Technology Co ranks better than 63.75% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Sichuan Changhong New Energy Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 9.99%.
BJSE:920239's ROC (Joel Greenblatt) % is ranked better than 63.75% of 3076
companies
in the Industrial Products industry
Industry Median: 12.14
vs BJSE:920239: 19.54
Sichuan Changhong New Energy Technology Co (BJSE:920239) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* 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.
Sichuan Changhong New Energy Technology Co ROC (Joel Greenblatt) % Chart
Sichuan Changhong New Energy Technology Co Annual Data
BJSE:920239 vs VRT, BE: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, Sichuan Changhong New Energy Technology Co's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sichuan Changhong New Energy Technology Co ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sichuan Changhong New Energy Technology Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sichuan Changhong New Energy Technology Co's ROC (Joel Greenblatt) % falls into.
Sichuan Changhong New Energy Technology Co ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Jun. 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.
What does a ROC (Joel Greenblatt) % of 9.99% mean?
Sichuan Changhong New Energy Technology Co (BJSE:920239) has a ROC (Joel Greenblatt) % of 9.99% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Sichuan Changhong New Energy Technology Co and its competitors. This is 65% below median its historical median of 28.32. According to the industry distribution chart, Sichuan Changhong New Energy Technology Co ranks #1115 out of 3076 companies in the Industrial Products industry, placing it in the top 36.2%.
Is Sichuan Changhong New Energy Technology Co's ROC (Joel Greenblatt) % too high?
Sichuan Changhong New Energy Technology Co's current ROC (Joel Greenblatt) % of 9.99% is 65% below median its 10-year median of 28.32. The Industrial Products industry median ROC (Joel Greenblatt) % is 12.14. Sichuan Changhong New Energy Technology Co's value of 9.99% is 17.7% below this industry median. Based on the distribution chart, Sichuan Changhong New Energy Technology Co ranks #1115 out of 3076 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Sichuan Changhong New Energy Technology Co has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sichuan Changhong New Energy Technology Co's ROC (Joel Greenblatt) % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Sichuan Changhong New Energy Technology Co ranks #1115 out of 3076 companies for ROC (Joel Greenblatt) %. This puts Sichuan Changhong New Energy Technology Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.14. Sichuan Changhong New Energy Technology Co's value of 9.99% is 17.7% below this benchmark. While the company's 10-year median is 28.32 vs. the industry median of 12.14, Sichuan Changhong New Energy Technology Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 12.14, based on 3,076 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sichuan Changhong New Energy Technology Co's current ROC (Joel Greenblatt) % of 9.99% is 17.7% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Sichuan Changhong New Energy Technology Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 12.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sichuan Changhong New Energy Technology Co's current ROC (Joel Greenblatt) % is 9.99%, which is 65% below median its own 10-year median of 28.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sichuan Changhong New Energy Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Sichuan Changhong New Energy Technology Co (BJSE:920239) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥31.29, compared to a current price of ¥21.41 — trading 31.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 9.99%, which is 65% below median its 10-year median of 28.32 and 17.7% below the Industrial Products industry median of 12.14. Sichuan Changhong New Energy Technology Co's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Sichuan Changhong New Energy Technology Co (BJSE:920239), the current ROC (Joel Greenblatt) % is 9.99% as of Jun. 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 Sichuan Changhong New Energy Technology Co (BJSE:920239) Overvalued in 2026?
Based on GuruFocus' analysis, Sichuan Changhong New Energy Technology Co stock appears to be undervalued.
The current stock price of ¥21.41 is trading 31.6% below its estimated GF Value™ of ¥31.29.
GuruFocus considers Sichuan Changhong New Energy Technology Co to be Significantly Undervalued.
Key valuation signals for BJSE:920239:
ROC (Joel Greenblatt) %: 9.99% (65% below median its 10-year median of 28.32)
GF Value™: ¥31.29 vs. price of ¥21.41 (31.6% below fair value)
Industry Position: 17.7% below the Industrial Products median (#1115 of 3076)
No single metric tells the full story. See the BJSE:920239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sichuan Changhong New Energy Technology Co Ltd engages in the production and sales of alkaline manganese environmentally friendly batteries. It generates revenue from products U10 alkaline battery; U8 alkaline battery.
76GF Score
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