Qinhuangdao Port Co (FRA:QHD) ROC (Joel Greenblatt) %: 12.35% (As of Dec. 2025) — 16% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:QHD Qinhuangdao Port Co Ltd FRA:QHD
49 GF Score
Price €0.26
! 1 Warning Sign
View Full Analysis

What is Qinhuangdao Port Co ROC (Joel Greenblatt) %?

Qinhuangdao Port Co FRA:QHD -0.76% 49 ROC (Joel Greenblatt) % is 12.35% as of Dec. 2025, which is 16% above its 10-year median of 10.62. GuruFocus rates FRA:QHD with a GF Score™ of 49/100. The stock has 1 warning sign investors should review. Among 1,010 Transportation companies, Qinhuangdao Port Co ranks better than 59.41% 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. Qinhuangdao Port Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.35%.

The historical rank and industry rank for Qinhuangdao Port Co's ROC (Joel Greenblatt) % or its related term are showing as below:

FRA:QHD' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.77   Med: 10.62   Max: 15.75
Current: 15.49

During the past 13 years, Qinhuangdao Port Co's highest ROC (Joel Greenblatt) % was 15.75%. The lowest was 3.77%. And the median was 10.62%.

FRA:QHD's ROC (Joel Greenblatt) % is ranked better than
59.41% of 1010 companies
in the Transportation industry
Industry Median: 11.835 vs FRA:QHD: 15.49

Qinhuangdao Port Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 9.50% per year.


Qinhuangdao Port Co  (FRA:QHD) 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.


Qinhuangdao Port Co ROC (Joel Greenblatt) % Related Terms


Qinhuangdao Port Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Qinhuangdao Port Co'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.

Qinhuangdao Port Co ROC (Joel Greenblatt) % Chart

Qinhuangdao Port Co 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 11.00 12.82 14.71 15.15 14.86

Qinhuangdao Port Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 19.50 11.02 17.87 12.35 21.18

Qinhuangdao Port Co ROC (Joel Greenblatt) % Competitor Comparison

For the Marine Shipping subindustry, Qinhuangdao Port 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.


Qinhuangdao Port Co ROC (Joel Greenblatt) % vs Transportation Industry

For the Transportation industry and Industrials sector, Qinhuangdao Port Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Qinhuangdao Port Co's ROC (Joel Greenblatt) % falls into.


FRA:QHD
49GF Score
Qinhuangdao Port Co Ltd FRA:QHD
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qinhuangdao Port 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:

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)
=(33.042 + 18.453 + 21.919) - (171.069 + 0 + 116.589)
=-214.244

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.427 + 16.815 + 19.223) - (100.481 + 0 + 103.021)
=-149.037

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Qinhuangdao Port Co 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 )
=202.044/( ( (1639.926 + max(-214.244, 0)) + (1631.945 + max(-149.037, 0)) )/ 2 )
=202.044/( ( 1639.926 + 1631.945 )/ 2 )
=202.044/1635.9355
=12.35 %

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 12.35% mean?
Qinhuangdao Port Co (FRA:QHD) has a ROC (Joel Greenblatt) % of 12.35% 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 Qinhuangdao Port Co and its competitors. This is 16% above median its historical median of 10.62. Over the past decade, Qinhuangdao Port Co's ROC (Joel Greenblatt) % has ranged from 3.77 to 15.75. According to the industry distribution chart, Qinhuangdao Port Co ranks #410 out of 1010 companies in the Transportation industry, placing it in the top 40.6%.
Is Qinhuangdao Port Co's ROC (Joel Greenblatt) % too high?
Qinhuangdao Port Co's current ROC (Joel Greenblatt) % of 12.35% is 16% above median its 10-year median of 10.62. Over the past 10 years, this metric has ranged from a low of 3.77 to a high of 15.75. The Transportation industry median ROC (Joel Greenblatt) % is 11.84. Qinhuangdao Port Co's value of 12.35% is 4.4% above this industry median. Based on the distribution chart, Qinhuangdao Port Co ranks #410 out of 1010 companies in the Transportation industry, which is above the industry midpoint. Overall, Qinhuangdao Port Co has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Qinhuangdao Port Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Transportation industry distribution chart, Qinhuangdao Port Co ranks #410 out of 1010 companies for ROC (Joel Greenblatt) %. This puts Qinhuangdao Port Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.84. Qinhuangdao Port Co's value of 12.35% is 4.4% above this benchmark. Historically, Qinhuangdao Port Co's own ROC (Joel Greenblatt) % has ranged from 3.77 to 15.75 over the past decade. While the company's 10-year median is 10.62 vs. the industry median of 11.84, Qinhuangdao Port Co 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.84, based on 1,010 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. Qinhuangdao Port Co's current ROC (Joel Greenblatt) % of 12.35% is 4.4% 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 Qinhuangdao Port Co and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qinhuangdao Port Co's current ROC (Joel Greenblatt) % is 12.35%, which is 16% above median its own 10-year median of 10.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qinhuangdao Port Co stock overvalued right now?
Qinhuangdao Port Co (FRA:QHD) has a current ROC (Joel Greenblatt) % of 12.35%. The current ROC (Joel Greenblatt) % is 12.35%, which is 16% above median its 10-year median of 10.62 and 4.4% above the Transportation industry median of 11.84. Qinhuangdao Port Co's overall GF Score™ is 49/100 with 1 warning sign 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 Qinhuangdao Port Co (FRA:QHD), the current ROC (Joel Greenblatt) % is 12.35% 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.

Qinhuangdao Port Co Business Description

Other Exchanges 03369:Hong Kong601326:China
Address 35 Haibin Road, Haigang District, Hebei Province, Qinhuangdao, CHN, 066002
Qinhuangdao Port Co Ltd is engaged in the provision of integrated port services for customers. It provides integrated port services including stevedoring, stacking, warehousing, transportation, and logistics services. The company handles various types of cargo mainly including coal, metal ores, oil and liquefied chemicals, containers, general cargoes, and other goods. It also provides value-added services, including towing, tallying, and coal blending. The company's whole operations are in China.
49GF Score

Get the complete analysis for FRA:QHD

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

€0.26
Price