China Resources and Transportation Group (FRA:ZP3C) ROC (Joel Greenblatt) %: 123.40% (As of Sep. 2025)


What is China Resources and Transportation Group ROC (Joel Greenblatt) %?

China Resources and Transportation Group FRA:ZP3C ROC (Joel Greenblatt) % is 123.40% as of Sep. 2025. The stock has 5 warning signs investors should review. Among 1,776 Construction companies, China Resources and Transportation Group ranks worse than 53.49% 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. China Resources and Transportation Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 123.40%.

The historical rank and industry rank for China Resources and Transportation Group's ROC (Joel Greenblatt) % or its related term are showing as below:

FRA:ZP3C' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -911.34   Med: -63.63   Max: 1787.03
Current: 745.81

During the past 13 years, China Resources and Transportation Group's highest ROC (Joel Greenblatt) % was 1787.03%. The lowest was -911.34%. And the median was -63.63%.

FRA:ZP3C's ROC (Joel Greenblatt) % is ranked worse than
53.49% of 1776 companies
in the Construction industry
Industry Median: 19.375 vs FRA:ZP3C: 745.81

China Resources and Transportation Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


China Resources and Transportation Group  (FRA:ZP3C) 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.


China Resources and Transportation Group ROC (Joel Greenblatt) % Related Terms


China Resources and Transportation Group ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for China Resources and Transportation Group'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.

China Resources and Transportation Group ROC (Joel Greenblatt) % Chart

China Resources and Transportation Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -949.67 -440.04 1,775.16 7.30 735.24

China Resources and Transportation Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 2,348.45 96.93 -87.97 123.40 1,259.04

China Resources and Transportation Group ROC (Joel Greenblatt) % Competitor Comparison

For the Infrastructure Operations subindustry, China Resources and Transportation Group'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.


China Resources and Transportation Group ROC (Joel Greenblatt) % vs Construction Industry

For the Construction industry and Industrials sector, China Resources and Transportation Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where China Resources and Transportation Group's ROC (Joel Greenblatt) % falls into.



China Resources and Transportation Group 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: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.286 + 0.101 + 40.146) - (626.785 + 0 + 20.207)
=-571.459

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(33.774 + 0.088 + 56.185) - (589.006 + 0 + 19.867)
=-518.826

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of China Resources and Transportation Group for the quarter that ended in Sep. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=19.982/( ( (14.882 + max(-571.459, 0)) + (17.505 + max(-518.826, 0)) )/ 2 )
=19.982/( ( 14.882 + 17.505 )/ 2 )
=19.982/16.1935
=123.40 %

Note: The EBIT data used here is two times the semi-annual (Sep. 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 123.40% mean?
China Resources and Transportation Group (FRA:ZP3C) has a ROC (Joel Greenblatt) % of 123.40% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on China Resources and Transportation Group and its competitors. According to the industry distribution chart, China Resources and Transportation Group ranks #950 out of 1776 companies in the Construction industry, placing it in the top 53.5%.
Is China Resources and Transportation Group's ROC (Joel Greenblatt) % too high?
China Resources and Transportation Group's current ROC (Joel Greenblatt) % is 123.40%. The Construction industry median ROC (Joel Greenblatt) % is 19.38. China Resources and Transportation Group's value of 123.40% is 536.9% above this industry median. Based on the distribution chart, China Resources and Transportation Group ranks #950 out of 1776 companies in the Construction industry, which is below the industry midpoint.
How does China Resources and Transportation Group's ROC (Joel Greenblatt) % compare to competitors?
According to the Construction industry distribution chart, China Resources and Transportation Group ranks #950 out of 1776 companies for ROC (Joel Greenblatt) %. This places China Resources and Transportation Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.38. China Resources and Transportation Group's value of 123.40% is 536.9% above this benchmark. 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.38, based on 1,776 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. China Resources and Transportation Group's current ROC (Joel Greenblatt) % of 123.40% is 536.9% 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 China Resources and Transportation Group and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources and Transportation Group's current ROC (Joel Greenblatt) % is 123.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources and Transportation Group stock overvalued right now?
China Resources and Transportation Group (FRA:ZP3C) has a current ROC (Joel Greenblatt) % of 123.40%. The current ROC (Joel Greenblatt) % is 123.40% and 536.9% above the Construction industry median of 19.38. 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 China Resources and Transportation Group (FRA:ZP3C), the current ROC (Joel Greenblatt) % is 123.40% as of Sep. 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.

China Resources and Transportation Group Business Description

Other Exchanges 00269:Hong Kong
Address 145 Hennessy Road, 22nd Floor, On Hong Commercial Building, Wan Chai, Hong Kong, HKG
China Resources and Transportation Group Ltd is a China-based company. It operates through various business segments that are Expressway Operations, which includes operations, management, maintenance and auxiliary facility investment of Zhunxing Expressway; CNG gas stations operation includes operation of CNG gas stations; and Other Operations, which includes sales of timber logs from forest concession, tree plantation area and outside suppliers, sales of seedlings and refined plant oil. The Expressway Operations segment generates maximum revenue for the company. Geographically, the company has business operations in the PRC and Hong Kong.