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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. Golden Win International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.96%.
The historical rank and industry rank for Golden Win International's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:4950'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -251.97 Med: -43.08 Max: 195.73
Current: 14.03
During the past 13 years, Golden Win International's highest ROC (Joel Greenblatt) % was 195.73%. The lowest was -251.97%. And the median was -43.08%.
ROCO:4950's ROC (Joel Greenblatt) % is ranked better than 59.82% of 433
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 9.4
vs ROCO:4950: 14.03
Golden Win International's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Golden Win International (ROCO:4950) 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.
Golden Win International ROC (Joel Greenblatt) % Related Terms
Golden Win International ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Golden Win International'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.
Golden Win International ROC (Joel Greenblatt) % Chart
ROCO:4950 vs SN, SGI, MHK: ROC (Joel Greenblatt) % Comparison
For the Furnishings, Fixtures & Appliances subindustry, Golden Win 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.
Golden Win International ROC (Joel Greenblatt) % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Golden Win International's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Golden Win International's ROC (Joel Greenblatt) % falls into.
Golden Win 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 four times the quarterly (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 18.96% mean?
Golden Win International (ROCO:4950) has a ROC (Joel Greenblatt) % of 18.96% 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 Golden Win International and its competitors. According to the industry distribution chart, Golden Win International ranks #174 out of 433 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 40.2%.
Is Golden Win International's ROC (Joel Greenblatt) % too high?
Golden Win International's current ROC (Joel Greenblatt) % is 18.96%. The Furnishings, Fixtures & Appliances industry median ROC (Joel Greenblatt) % is 9.40. Golden Win International's value of 18.96% is 101.7% above this industry median. Based on the distribution chart, Golden Win International ranks #174 out of 433 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Golden Win International has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Golden Win International's ROC (Joel Greenblatt) % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Golden Win International ranks #174 out of 433 companies for ROC (Joel Greenblatt) %. This puts Golden Win International in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.40. Golden Win International's value of 18.96% is 101.7% 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 Furnishings, Fixtures & Appliances company?
The median ROC (Joel Greenblatt) % among Furnishings, Fixtures & Appliances companies is 9.40, based on 433 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. Golden Win International's current ROC (Joel Greenblatt) % of 18.96% is 101.7% 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 Golden Win International and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROC (Joel Greenblatt) % is 9.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Win International's current ROC (Joel Greenblatt) % is 18.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Win International stock overvalued right now?
Based on GuruFocus' analysis, Golden Win International (ROCO:4950) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$86.07, compared to a current price of NT$15.65 — trading 81.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 18.96% and 101.7% above the Furnishings, Fixtures & Appliances industry median of 9.40. Golden Win International's overall GF Score™ is 54/100 with 2 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 Golden Win International (ROCO:4950), the current ROC (Joel Greenblatt) % is 18.96% 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 Golden Win International (ROCO:4950) Overvalued in 2026?
Based on GuruFocus' analysis, Golden Win International stock appears to be undervalued.
The current stock price of NT$15.65 is trading 81.8% below its estimated GF Value™ of NT$86.07.
GuruFocus considers Golden Win International to be Significantly Undervalued.
Key valuation signals for ROCO:4950:
ROC (Joel Greenblatt) %: 18.96%
GF Value™: NT$86.07 vs. price of NT$15.65 (81.8% below fair value)
Industry Position: 101.7% above the Furnishings, Fixtures & Appliances median (#174 of 433)
No single metric tells the full story. See the ROCO:4950 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Golden Win International Corp Formerly Mutto Optronics Corp is engaged in the sales of steel cutlery and touch display panels with relevant parts and components, producing and supplying a wide array of metals such as stainless steel, bearing steel, high-speed steel, and non-ferrous alloys for industrial use.
54GF Score
Get the complete analysis for ROCO:4950
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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