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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. Quali-Smart Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -305.43%.
The historical rank and industry rank for Quali-Smart Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
HKSE:01348'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -553.77 Med: -28.18 Max: -2.35
Current: -312.64
During the past 13 years, Quali-Smart Holdings's highest ROC (Joel Greenblatt) % was -2.35%. The lowest was -553.77%. And the median was -28.18%.
HKSE:01348's ROC (Joel Greenblatt) % is ranked worse than 96.92% of 843
companies
in the Travel & Leisure industry
Industry Median: 10.63
vs HKSE:01348: -312.64
Quali-Smart Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -56.60% per year.
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.
Quali-Smart Holdings ROC (Joel Greenblatt) % Related Terms
Quali-Smart Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Quali-Smart Holdings'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.
HKSE:01348 vs AS, HAS, LTH: ROC (Joel Greenblatt) % Comparison
For the Leisure subindustry, Quali-Smart 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.
Quali-Smart Holdings ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Quali-Smart Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Quali-Smart Holdings's ROC (Joel Greenblatt) % falls into.
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 -305.43% mean?
Quali-Smart Holdings (HKSE:01348) has a ROC (Joel Greenblatt) % of -305.43% 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 Quali-Smart Holdings and its competitors. According to the industry distribution chart, Quali-Smart Holdings ranks #817 out of 843 companies in the Travel & Leisure industry, placing it in the top 96.9%.
Is Quali-Smart Holdings' ROC (Joel Greenblatt) % too high?
Quali-Smart Holdings' current ROC (Joel Greenblatt) % is -305.43%. Based on the distribution chart, Quali-Smart Holdings ranks #817 out of 843 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Quali-Smart Holdings has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quali-Smart Holdings' ROC (Joel Greenblatt) % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Quali-Smart Holdings ranks #817 out of 843 companies for ROC (Joel Greenblatt) %. This places Quali-Smart Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.63. 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.63, based on 843 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. 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 Quali-Smart Holdings and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quali-Smart Holdings's current ROC (Joel Greenblatt) % is -305.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quali-Smart Holdings stock overvalued right now?
Based on GuruFocus' analysis, Quali-Smart Holdings (HKSE:01348) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.01, compared to a current price of HK$0.19 — trading 1780% above its estimated fair value. The current ROC (Joel Greenblatt) % is -305.43%. Quali-Smart Holdings' overall GF Score™ is 30/100 with 6 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 Quali-Smart Holdings (HKSE:01348), the current ROC (Joel Greenblatt) % is -305.43% 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 Quali-Smart Holdings (HKSE:01348) Overvalued in 2026?
Based on GuruFocus' analysis, Quali-Smart Holdings stock appears to be overvalued.
The current stock price of HK$0.19 is trading 1780% above its estimated GF Value™ of HK$0.01.
GuruFocus considers Quali-Smart Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01348:
ROC (Joel Greenblatt) %: -305.43%
GF Value™: HK$0.01 vs. price of HK$0.19 (1780% above fair value)
No single metric tells the full story. See the HKSE:01348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quali-Smart Holdings Ltd is an investment holding company. The company's operating segment includes the Manufacturing and sales of toys and Financial Services. It generates maximum revenue from the Manufacturing and sales of toys segment. The Financial Services segment includes securities brokerage, underwriting, securities margin financing, investment advisory, corporate finance, and asset management services. Geographically, it derives a majority of its revenue from North America which includes the United States of America and Canada, and also has a presence in the United Kingdom; France; PRC, and Taiwan; Central America, Caribbean, and Mexico; Australia, New Zealand, and Pacific Islands and other countries.
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