Shanxi Installation Group Co (HKSE:02520) ROC (Joel Greenblatt) %: 41.95% (As of Dec. 2025) — 17% Below Median

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HKSE:02520 Shanxi Installation Group Co Ltd HKSE:02520
30 GF Score
Price HK$2.44
! 13 Warning Signs
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What is Shanxi Installation Group Co ROC (Joel Greenblatt) %?

Shanxi Installation Group Co HKSE:02520 30 ROC (Joel Greenblatt) % is 41.95% as of Dec. 2025, which is 17% below its 10-year median of 50.83. GuruFocus rates HKSE:02520 with a GF Score™ of 30/100. The stock has 13 warning signs investors should review. Among 1,795 Construction companies, Shanxi Installation Group Co ranks better than 71.31% 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. Shanxi Installation Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 41.95%.

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

HKSE:02520' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 26.3   Med: 50.83   Max: 79.47
Current: 40.98

During the past 6 years, Shanxi Installation Group Co's highest ROC (Joel Greenblatt) % was 79.47%. The lowest was 26.30%. And the median was 50.83%.

HKSE:02520's ROC (Joel Greenblatt) % is ranked better than
71.31% of 1795 companies
in the Construction industry
Industry Median: 19.43 vs HKSE:02520: 40.98

Shanxi Installation Group Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -15.40% per year.


Shanxi Installation Group Co  (HKSE:02520) 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.


Shanxi Installation Group Co ROC (Joel Greenblatt) % Related Terms


Shanxi Installation Group Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Shanxi Installation Group 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.

Shanxi Installation Group Co ROC (Joel Greenblatt) % Chart

Shanxi Installation Group Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 72.01 60.54 26.30 40.34 41.12

Shanxi Installation Group Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.41 42.37 37.81 40.08 41.95

HKSE:02520 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison

For the Engineering & Construction subindustry, Shanxi Installation Group 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.


Shanxi Installation Group Co ROC (Joel Greenblatt) % vs Construction Industry

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

* The bar in red indicates where Shanxi Installation Group Co's ROC (Joel Greenblatt) % falls into.


HKSE:02520
30GF Score
Shanxi Installation Group Co Ltd HKSE:02520
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanxi Installation Group 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)
=(7201.151 + 505.663 + 1174.26) - (12246.34 + 0 + 2468.705)
=-5833.971

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8996.404 + 362.194 + 883.322) - (12497.542 + 0 + 1161.658)
=-3417.28

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Shanxi Installation Group 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 )
=641.28/( ( (1513.251 + max(-5833.971, 0)) + (1544.443 + max(-3417.28, 0)) )/ 2 )
=641.28/( ( 1513.251 + 1544.443 )/ 2 )
=641.28/1528.847
=41.95 %

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 41.95% mean?
Shanxi Installation Group Co (HKSE:02520) has a ROC (Joel Greenblatt) % of 41.95% 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 Shanxi Installation Group Co and its competitors. This is 17% below median its historical median of 50.83. Over the past decade, Shanxi Installation Group Co's ROC (Joel Greenblatt) % has ranged from 26.30 to 79.47. According to the industry distribution chart, Shanxi Installation Group Co ranks #515 out of 1795 companies in the Construction industry, placing it in the top 28.7%.
Is Shanxi Installation Group Co's ROC (Joel Greenblatt) % too high?
Shanxi Installation Group Co's current ROC (Joel Greenblatt) % of 41.95% is 17% below median its 10-year median of 50.83. Over the past 10 years, this metric has ranged from a low of 26.30 to a high of 79.47. The Construction industry median ROC (Joel Greenblatt) % is 19.43. Shanxi Installation Group Co's value of 41.95% is 115.9% above this industry median. Based on the distribution chart, Shanxi Installation Group Co ranks #515 out of 1795 companies in the Construction industry, which is above the industry midpoint. Overall, Shanxi Installation Group Co has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Shanxi Installation Group Co's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Shanxi Installation Group Co ranks #515 out of 1795 companies for ROC (Joel Greenblatt) %. This puts Shanxi Installation Group Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.43. Shanxi Installation Group Co's value of 41.95% is 115.9% above this benchmark. Historically, Shanxi Installation Group Co's own ROC (Joel Greenblatt) % has ranged from 26.30 to 79.47 over the past decade. While the company's 10-year median is 50.83 vs. the industry median of 19.43, Shanxi Installation Group 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.43, based on 1,795 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. Shanxi Installation Group Co's current ROC (Joel Greenblatt) % of 41.95% is 115.9% 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 Shanxi Installation Group Co and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanxi Installation Group Co's current ROC (Joel Greenblatt) % is 41.95%, which is 17% below median its own 10-year median of 50.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanxi Installation Group Co stock overvalued right now?
Shanxi Installation Group Co (HKSE:02520) has a current ROC (Joel Greenblatt) % of 41.95%. The current ROC (Joel Greenblatt) % is 41.95%, which is 17% below median its 10-year median of 50.83 and 115.9% above the Construction industry median of 19.43. Shanxi Installation Group Co's overall GF Score™ is 30/100 with 13 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 Shanxi Installation Group Co (HKSE:02520), the current ROC (Joel Greenblatt) % is 41.95% 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.

Shanxi Installation Group Co Business Description

Address No. 8 Xinhua Road, Tanghuai Industrial Park, Shanxi Transformation and Comprehensive, Reform Demonstration Zone, Shanxi, Taiyuan, CHN
Shanxi Installation Group Co Ltd is a construction service provider based in Taiyuan, a city in Shanxi Province, China. It is engaged in specialized industrial construction, specialized auxiliary construction, other construction, and non-construction business. The company generates the majority of its revenue from specialized industrial construction. The company offers range of services, from design and consulting, investment and construction, and building construction, to operation and maintenance. The company has two segments the construction contracting segment and the non-construction segment.
30GF Score

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

HK$2.44
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