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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. Tse Sui Luen Jewellery (International)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 42.89%.
HKSE:00417'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.14 Med: 4.65 Max: 20.27
Current: 20.27
During the past 13 years, Tse Sui Luen Jewellery (International)'s highest ROC (Joel Greenblatt) % was 20.27%. The lowest was -18.14%. And the median was 4.65%.
HKSE:00417's ROC (Joel Greenblatt) % is ranked better than 65.13% of 1130
companies
in the Retail - Cyclical industry
Industry Median: 11.64
vs HKSE:00417: 20.27
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.
Tse Sui Luen Jewellery (International) ROC (Joel Greenblatt) % Chart
Tse Sui Luen Jewellery (International) Annual Data
HKSE:00417 vs TPR: ROC (Joel Greenblatt) % Comparison
For the Luxury Goods subindustry, Tse Sui Luen Jewellery (International)'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.
Tse Sui Luen Jewellery (International) ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tse Sui Luen Jewellery (International)'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tse Sui Luen Jewellery (International)'s ROC (Joel Greenblatt) % falls into.
Tse Sui Luen Jewellery (International) 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 (Mar. 2026) 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 42.89% mean?
Tse Sui Luen Jewellery (International) (HKSE:00417) has a ROC (Joel Greenblatt) % of 42.89% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Tse Sui Luen Jewellery (International) and its competitors. This is 822% above median its historical median of 4.65. According to the industry distribution chart, Tse Sui Luen Jewellery (International) ranks #394 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 34.9%.
Is Tse Sui Luen Jewellery (International)'s ROC (Joel Greenblatt) % too high?
Tse Sui Luen Jewellery (International)'s current ROC (Joel Greenblatt) % of 42.89% is 822% above median its 10-year median of 4.65. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.64. Tse Sui Luen Jewellery (International)'s value of 42.89% is 268.5% above this industry median. Based on the distribution chart, Tse Sui Luen Jewellery (International) ranks #394 out of 1130 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Tse Sui Luen Jewellery (International) has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tse Sui Luen Jewellery (International)'s ROC (Joel Greenblatt) % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Tse Sui Luen Jewellery (International) ranks #394 out of 1130 companies for ROC (Joel Greenblatt) %. This puts Tse Sui Luen Jewellery (International) in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.64. Tse Sui Luen Jewellery (International)'s value of 42.89% is 268.5% above this benchmark. While the company's 10-year median is 4.65 vs. the industry median of 11.64, Tse Sui Luen Jewellery (International) 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 - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.64, based on 1,130 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. Tse Sui Luen Jewellery (International)'s current ROC (Joel Greenblatt) % of 42.89% is 268.5% 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 Tse Sui Luen Jewellery (International) and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tse Sui Luen Jewellery (International)'s current ROC (Joel Greenblatt) % is 42.89%, which is 822% above median its own 10-year median of 4.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tse Sui Luen Jewellery (International) stock overvalued right now?
Based on GuruFocus' analysis, Tse Sui Luen Jewellery (International) (HKSE:00417) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.58, compared to a current price of HK$0.72 — trading 24.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 42.89%, which is 822% above median its 10-year median of 4.65 and 268.5% above the Retail - Cyclical industry median of 11.64. Tse Sui Luen Jewellery (International)'s overall GF Score™ is 41/100 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 Tse Sui Luen Jewellery (International) (HKSE:00417), the current ROC (Joel Greenblatt) % is 42.89% as of Mar. 2026. 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 Tse Sui Luen Jewellery (International) (HKSE:00417) Overvalued in 2026?
Based on GuruFocus' analysis, Tse Sui Luen Jewellery (International) stock appears to be overvalued.
The current stock price of HK$0.72 is trading 24.1% above its estimated GF Value™ of HK$0.58.
GuruFocus considers Tse Sui Luen Jewellery (International) to be Modestly Overvalued.
Key valuation signals for HKSE:00417:
ROC (Joel Greenblatt) %: 42.89% (822% above median its 10-year median of 4.65)
GF Value™: HK$0.58 vs. price of HK$0.72 (24.1% above fair value)
Industry Position: 268.5% above the Retail - Cyclical median (#394 of 1130)
No single metric tells the full story. See the HKSE:00417 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tse Sui Luen Jewellery (International) Ltd is an investment holding company. It is engaged in the manufacture, sale, and marketing of jewelry products as well as the provision of service. The company's operating segment includes Retail Business, Wholesale Business, E-Business, and Other Businesses. It generates maximum revenue from the Retail Business segment which includes direct retail sales of jewellery products to end consumers through the physical outlets. The group derives revenue from the customers in Hong Kong and Macau, Mainland China and Other countries.
41GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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