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. Health and Happiness (H&H) International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 228.42%.
BTSDF's ROC (Joel Greenblatt) % is ranked better than 98.78% of 1971
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs BTSDF: 251.78
Health and Happiness (H&H) International Holdings (OTCPK:BTSDF) 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.
Health and Happiness (H&H) International Holdings ROC (Joel Greenblatt) % Chart
Health and Happiness (H&H) International Holdings Annual Data
BTSDF vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Health and Happiness (H&H) International Holdings'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.
Health and Happiness (H&H) International Holdings ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
Health and Happiness (H&H) International Holdings 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 two times the semi-annual (Dec. 2025) 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 228.42% mean?
Health and Happiness (H&H) International Holdings (BTSDF) has a ROC (Joel Greenblatt) % of 228.42% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Health and Happiness (H&H) International Holdings and its competitors. This is 19% below median its historical median of 280.95. Over the past decade, Health and Happiness (H&H) International Holdings' ROC (Joel Greenblatt) % has ranged from 148.89 to 386.49. According to the industry distribution chart, Health and Happiness (H&H) International Holdings ranks #24 out of 1971 companies in the Consumer Packaged Goods industry, placing it in the top 1.2%.
Is Health and Happiness (H&H) International Holdings' ROC (Joel Greenblatt) % too high?
Health and Happiness (H&H) International Holdings' current ROC (Joel Greenblatt) % of 228.42% is 19% below median its 10-year median of 280.95. Over the past 10 years, this metric has ranged from a low of 148.89 to a high of 386.49. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Health and Happiness (H&H) International Holdings' value of 228.42% is 1805.1% above this industry median. Based on the distribution chart, Health and Happiness (H&H) International Holdings ranks #24 out of 1971 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Health and Happiness (H&H) International Holdings has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Health and Happiness (H&H) International Holdings' ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Health and Happiness (H&H) International Holdings ranks #24 out of 1971 companies for ROC (Joel Greenblatt) %. This places Health and Happiness (H&H) International Holdings in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Health and Happiness (H&H) International Holdings' value of 228.42% is 1805.1% above this benchmark. Historically, Health and Happiness (H&H) International Holdings' own ROC (Joel Greenblatt) % has ranged from 148.89 to 386.49 over the past decade. While the company's 10-year median is 280.95 vs. the industry median of 11.99, Health and Happiness (H&H) International Holdings has consistently been above 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 a Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,971 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. Health and Happiness (H&H) International Holdings's current ROC (Joel Greenblatt) % of 228.42% is 1805.1% 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 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 Health and Happiness (H&H) International Holdings and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Health and Happiness (H&H) International Holdings's current ROC (Joel Greenblatt) % is 228.42%, which is 19% below median its own 10-year median of 280.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Health and Happiness (H&H) International Holdings stock overvalued right now?
Health and Happiness (H&H) International Holdings (BTSDF) has a current ROC (Joel Greenblatt) % of 228.42%. The stock's GF Value™ is $1.88, compared to a current price of $1.60 — trading 14.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 228.42%, which is 19% below median its 10-year median of 280.95 and 1805.1% above the Consumer Packaged Goods industry median of 11.99. Health and Happiness (H&H) International Holdings' 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Health and Happiness (H&H) International Holdings (BTSDF), the current ROC (Joel Greenblatt) % is 228.42% as of Dec. 2025. 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 Health and Happiness (H&H) International Holdings (BTSDF) Overvalued in 2026?
Based on GuruFocus' analysis, Health and Happiness (H&H) International Holdings stock appears to be undervalued.
The current stock price of $1.60 is trading 14.9% below its estimated GF Value™ of $1.88.
Key valuation signals for BTSDF:
ROC (Joel Greenblatt) %: 228.42% (19% below median its 10-year median of 280.95)
GF Value™: $1.88 vs. price of $1.60 (14.9% below fair value)
Industry Position: 1805.1% above the Consumer Packaged Goods median (#24 of 1971)
No single metric tells the full story. See the BTSDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Health and Happiness (H&H) International Holdings Business Description
Health and Happiness (H&H) International Holdings Ltd acts as an investment holding company that manufactures and sells premium pediatric nutrition and baby-care products. The company has core business segments namely Infant formulas; Probiotic and nutritional supplements, Adult nutrition and care products, Other pediatric products & Pet nutrition and care products segments. It generates maximum revenue from Adult nutrition and care products segment. The Infant formulas segment comprises the production of infant formulas for children under seven years old and milk formulas for expectant and nursing mothers. Geographically, the majority of revenue is derived from Mainland China.
88GF Score
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