CVRAF (Convenience Retail Asia) ROC (Joel Greenblatt) %: 15.37% (As of Dec. 2025) — 19% Below Median

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CVRAF Convenience Retail Asia Ltd CVRAF
53 GF Score
Price $0.66
GF Value $1.00
! 4 Warning Signs
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What is Convenience Retail Asia ROC (Joel Greenblatt) %?

Convenience Retail Asia CVRAF 53 ROC (Joel Greenblatt) % is 15.37% as of Dec. 2025, which is 19% below its 10-year median of 18.98. GuruFocus rates CVRAF with a GF Score™ of 53/100 and a GF Value™ of $1.00. The stock has 4 warning signs investors should review. Among 311 Retail - Defensive companies, Convenience Retail Asia ranks worse than 50.48% 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. Convenience Retail Asia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.37%.

The historical rank and industry rank for Convenience Retail Asia's ROC (Joel Greenblatt) % or its related term are showing as below:

CVRAF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.36   Med: 18.98   Max: 61.33
Current: 13.46

During the past 13 years, Convenience Retail Asia's highest ROC (Joel Greenblatt) % was 61.33%. The lowest was 7.36%. And the median was 18.98%.

CVRAF's ROC (Joel Greenblatt) % is ranked worse than
50.48% of 311 companies
in the Retail - Defensive industry
Industry Median: 13.63 vs CVRAF: 13.46

Convenience Retail Asia's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.70% per year.


Convenience Retail Asia  (OTCPK:CVRAF) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Convenience Retail Asia ROC (Joel Greenblatt) % Related Terms


Convenience Retail Asia ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Convenience Retail Asia's ROC (Joel Greenblatt) % 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.

Convenience Retail Asia ROC (Joel Greenblatt) % Chart

Convenience Retail Asia Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.00 20.36 17.57 9.10 13.29

Convenience Retail Asia Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC (Joel Greenblatt) % 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 24.68 9.47 8.68 11.79 15.37

CVRAF vs KR: ROC (Joel Greenblatt) % Comparison

For the Grocery Stores subindustry, Convenience Retail Asia'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.


Convenience Retail Asia ROC (Joel Greenblatt) % vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Convenience Retail Asia's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Convenience Retail Asia's ROC (Joel Greenblatt) % falls into.


CVRAF
53GF Score
Convenience Retail Asia Ltd CVRAF
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Convenience Retail Asia 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.703 + 4.724 + 2.675) - (23.861 + 0 + 12.662)
=-21.421

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.19 + 4.224 + 2.841) - (26.93 + 0 + 12.02)
=-23.695

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Convenience Retail Asia for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7.098/( ( (46.245 + max(-21.421, 0)) + (46.088 + max(-23.695, 0)) )/ 2 )
=7.098/( ( 46.245 + 46.088 )/ 2 )
=7.098/46.1665
=15.37 %

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 15.37% mean?
Convenience Retail Asia (CVRAF) has a ROC (Joel Greenblatt) % of 15.37% 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 Convenience Retail Asia and its competitors. This is 19% below median its historical median of 18.98. Over the past decade, Convenience Retail Asia's ROC (Joel Greenblatt) % has ranged from 7.36 to 61.33. According to the industry distribution chart, Convenience Retail Asia ranks #157 out of 311 companies in the Retail - Defensive industry, placing it in the top 50.5%.
Is Convenience Retail Asia's ROC (Joel Greenblatt) % too high?
Convenience Retail Asia's current ROC (Joel Greenblatt) % of 15.37% is 19% below median its 10-year median of 18.98. Over the past 10 years, this metric has ranged from a low of 7.36 to a high of 61.33. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.63. Convenience Retail Asia's value of 15.37% is 12.8% above this industry median. Based on the distribution chart, Convenience Retail Asia ranks #157 out of 311 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Convenience Retail Asia has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Convenience Retail Asia's ROC (Joel Greenblatt) % compare to KR?
According to the Retail - Defensive industry distribution chart, Convenience Retail Asia ranks #157 out of 311 companies for ROC (Joel Greenblatt) %. This places Convenience Retail Asia in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.63. Convenience Retail Asia's value of 15.37% is 12.8% above this benchmark. Historically, Convenience Retail Asia's own ROC (Joel Greenblatt) % has ranged from 7.36 to 61.33 over the past decade. While the company's 10-year median is 18.98 vs. the industry median of 13.63, Convenience Retail Asia 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 Retail - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.63, based on 311 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. Convenience Retail Asia's current ROC (Joel Greenblatt) % of 15.37% is 12.8% 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 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 Convenience Retail Asia and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Convenience Retail Asia's current ROC (Joel Greenblatt) % is 15.37%, which is 19% below median its own 10-year median of 18.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Convenience Retail Asia stock overvalued right now?
Convenience Retail Asia (CVRAF) has a current ROC (Joel Greenblatt) % of 15.37%. The stock's GF Value™ is $1.00, compared to a current price of $0.66 — trading 34% below its estimated fair value. The current ROC (Joel Greenblatt) % is 15.37%, which is 19% below median its 10-year median of 18.98 and 12.8% above the Retail - Defensive industry median of 13.63. Convenience Retail Asia's overall GF Score™ is 53/100 with 4 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 Convenience Retail Asia (CVRAF), the current ROC (Joel Greenblatt) % is 15.37% 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 Convenience Retail Asia (CVRAF) Overvalued in 2026?

Based on GuruFocus' analysis, Convenience Retail Asia stock appears to be undervalued. The current stock price of $0.66 is trading 34% below its estimated GF Value™ of $1.00.

Key valuation signals for CVRAF:

  • ROC (Joel Greenblatt) %: 15.37% (19% below median its 10-year median of 18.98)
  • GF Value™: $1.00 vs. price of $0.66 (34% below fair value)
  • GF Score™: 53/100 with 4 warning signs
  • Industry Position: 12.8% above the Retail - Defensive median (#157 of 311)

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


Convenience Retail Asia Business Description

Other Exchanges 00831:Hong Kong
Address 2 On Ping Street, 15th Floor, LiFung Centre, Siu Lek Yuen, Shatin, New Territories, Hong Kong, HKG
Convenience Retail Asia Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in the operation of chains of bakeries and eyewear businesses. The group operates in two segments, namely, Bakery and Eyewear. The majority of its revenue comes from the Bakery segment, which comprises the sale of bakery and festival products under the brand names of Saint Honore and Mon cher. The Eyewear business segment includes the sale of eyewear products under the brand name of Zoff.
53GF Score

Get the complete analysis for CVRAF

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.66
Price
$1.00
GF Value