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Beijing Gas Blue Sky HoldingsFRA:KO32 12 ROC (Joel Greenblatt) % is 39.74% as of Dec. 2025, which is 6% above its 10-year median of 37.55. GuruFocus rates FRA:KO32 with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 505 Utilities - Regulated companies, Beijing Gas Blue Sky Holdings ranks better than 85.94% 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. Beijing Gas Blue Sky Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 39.74%.
The historical rank and industry rank for Beijing Gas Blue Sky Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:KO32'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -383.19 Med: 37.55 Max: 66.29
Current: 42.22
During the past 13 years, Beijing Gas Blue Sky Holdings's highest ROC (Joel Greenblatt) % was 66.29%. The lowest was -383.19%. And the median was 37.55%.
FRA:KO32's ROC (Joel Greenblatt) % is ranked better than 85.94% of 505
companies
in the Utilities - Regulated industry
Industry Median: 10.84
vs FRA:KO32: 42.22
Beijing Gas Blue Sky Holdings (FRA:KO32) 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.
Beijing Gas Blue Sky Holdings ROC (Joel Greenblatt) % Chart
FRA:KO32 vs ATO, NI: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Gas subindustry, Beijing Gas Blue Sky 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.
Beijing Gas Blue Sky Holdings ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Beijing Gas Blue Sky Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Beijing Gas Blue Sky Holdings's ROC (Joel Greenblatt) % falls into.
Beijing Gas Blue Sky 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 39.74% mean?
Beijing Gas Blue Sky Holdings (FRA:KO32) has a ROC (Joel Greenblatt) % of 39.74% 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 Beijing Gas Blue Sky Holdings and its competitors. This is near median its historical median of 37.55. According to the industry distribution chart, Beijing Gas Blue Sky Holdings ranks #71 out of 505 companies in the Utilities - Regulated industry, placing it in the top 14.1%.
Is Beijing Gas Blue Sky Holdings' ROC (Joel Greenblatt) % too high?
Beijing Gas Blue Sky Holdings' current ROC (Joel Greenblatt) % of 39.74% is near median its 10-year median of 37.55. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.84. Beijing Gas Blue Sky Holdings' value of 39.74% is 266.6% above this industry median. Based on the distribution chart, Beijing Gas Blue Sky Holdings ranks #71 out of 505 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Beijing Gas Blue Sky Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Beijing Gas Blue Sky Holdings' ROC (Joel Greenblatt) % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Beijing Gas Blue Sky Holdings ranks #71 out of 505 companies for ROC (Joel Greenblatt) %. This places Beijing Gas Blue Sky Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.84. Beijing Gas Blue Sky Holdings' value of 39.74% is 266.6% above this benchmark. While the company's 10-year median is 37.55 vs. the industry median of 10.84, Beijing Gas Blue Sky 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 an Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.84, based on 505 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. Beijing Gas Blue Sky Holdings's current ROC (Joel Greenblatt) % of 39.74% is 266.6% 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 Beijing Gas Blue Sky Holdings and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing Gas Blue Sky Holdings's current ROC (Joel Greenblatt) % is 39.74%, which is near median its own 10-year median of 37.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing Gas Blue Sky Holdings stock overvalued right now?
Beijing Gas Blue Sky Holdings (FRA:KO32) has a current ROC (Joel Greenblatt) % of 39.74%. The current ROC (Joel Greenblatt) % is 39.74%, which is near median its 10-year median of 37.55 and 266.6% above the Utilities - Regulated industry median of 10.84. Beijing Gas Blue Sky Holdings' overall GF Score™ is 12/100 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 Beijing Gas Blue Sky Holdings (FRA:KO32), the current ROC (Joel Greenblatt) % is 39.74% 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.
Beijing Gas Blue Sky Holdings Ltd is engaged in distribution and sales of natural gas to residential, industrial and commercial users through pipelines, the sale of gas-related equipment and the provision of pipeline construction services, operation of compressed natural gas and liquefied natural gas, refueling stations for vehicles and related value-added service such as repair and maintenance services; trading and distribution of CNG, LNG, fuel oil and other related oil by-products as a wholesaler to industrial and commercial users, and direct LNG supply to industrial users through direct supply facilities; development and operation of integrated clean energy and new energy business. The group's operations are based in the PRC, including Hong Kong.
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