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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. Anhui Wanwei Updated High-Tech Material Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.50%.
SHSE:600063's ROC (Joel Greenblatt) % is ranked worse than 58.38% of 1605
companies
in the Chemicals industry
Industry Median: 9.47
vs SHSE:600063: 6.90
Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) 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.
* 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.
Anhui Wanwei Updated High-Tech Material Industry Co ROC (Joel Greenblatt) % Chart
Anhui Wanwei Updated High-Tech Material Industry Co Annual Data
SHSE:600063 vs DOW: ROC (Joel Greenblatt) % Comparison
For the Chemicals subindustry, Anhui Wanwei Updated High-Tech Material Industry 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.
Anhui Wanwei Updated High-Tech Material Industry Co ROC (Joel Greenblatt) % vs Chemicals Industry
Anhui Wanwei Updated High-Tech Material Industry 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:
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 7.50% mean?
Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) has a ROC (Joel Greenblatt) % of 7.50% 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 Anhui Wanwei Updated High-Tech Material Industry Co and its competitors. This is near median its historical median of 7.44. Over the past decade, Anhui Wanwei Updated High-Tech Material Industry Co's ROC (Joel Greenblatt) % has ranged from 3.92 to 29.12. According to the industry distribution chart, Anhui Wanwei Updated High-Tech Material Industry Co ranks #937 out of 1605 companies in the Chemicals industry, placing it in the top 58.4%.
Is Anhui Wanwei Updated High-Tech Material Industry Co's ROC (Joel Greenblatt) % too high?
Anhui Wanwei Updated High-Tech Material Industry Co's current ROC (Joel Greenblatt) % of 7.50% is near median its 10-year median of 7.44. Over the past 10 years, this metric has ranged from a low of 3.92 to a high of 29.12. The Chemicals industry median ROC (Joel Greenblatt) % is 9.47. Anhui Wanwei Updated High-Tech Material Industry Co's value of 7.50% is 20.8% below this industry median. Based on the distribution chart, Anhui Wanwei Updated High-Tech Material Industry Co ranks #937 out of 1605 companies in the Chemicals industry, which is below the industry midpoint. Overall, Anhui Wanwei Updated High-Tech Material Industry Co has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anhui Wanwei Updated High-Tech Material Industry Co's ROC (Joel Greenblatt) % compare to DOW?
According to the Chemicals industry distribution chart, Anhui Wanwei Updated High-Tech Material Industry Co ranks #937 out of 1605 companies for ROC (Joel Greenblatt) %. This places Anhui Wanwei Updated High-Tech Material Industry Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.47. Anhui Wanwei Updated High-Tech Material Industry Co's value of 7.50% is 20.8% below this benchmark. Historically, Anhui Wanwei Updated High-Tech Material Industry Co's own ROC (Joel Greenblatt) % has ranged from 3.92 to 29.12 over the past decade. While the company's 10-year median is 7.44 vs. the industry median of 9.47, Anhui Wanwei Updated High-Tech Material Industry Co has consistently been below 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.47, based on 1,605 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. Anhui Wanwei Updated High-Tech Material Industry Co's current ROC (Joel Greenblatt) % of 7.50% is 20.8% below 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 Anhui Wanwei Updated High-Tech Material Industry Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anhui Wanwei Updated High-Tech Material Industry Co's current ROC (Joel Greenblatt) % is 7.50%, which is near median its own 10-year median of 7.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anhui Wanwei Updated High-Tech Material Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥4.76, compared to a current price of ¥5.54 — trading 16.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 7.50%, which is near median its 10-year median of 7.44 and 20.8% below the Chemicals industry median of 9.47. Anhui Wanwei Updated High-Tech Material Industry Co's overall GF Score™ is 69/100 with 7 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 Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063), the current ROC (Joel Greenblatt) % is 7.50% 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 Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) Overvalued in 2026?
Based on GuruFocus' analysis, Anhui Wanwei Updated High-Tech Material Industry Co stock appears to be overvalued.
The current stock price of ¥5.54 is trading 16.4% above its estimated GF Value™ of ¥4.76.
GuruFocus considers Anhui Wanwei Updated High-Tech Material Industry Co to be Modestly Overvalued.
Key valuation signals for SHSE:600063:
ROC (Joel Greenblatt) %: 7.50% (near median its 10-year median of 7.44)
GF Value™: ¥4.76 vs. price of ¥5.54 (16.4% above fair value)
Industry Position: 20.8% below the Chemicals median (#937 of 1605)
No single metric tells the full story. See the SHSE:600063 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anhui Wanwei Updated High-Tech Material Industry Co Business Description
Anhui Wanwei Updated High-Tech Material Industry Co Ltd is a China-based company engaged in the development, production, and sales of polyvinyl alcohol and related products. Its main products include PVA, cement, PVA ultrashort fiber, slices, Vinyl Acetateethylene Emulsion (VAE) emulsion, rubber powder, methyl acetate and vinyl acetate, among others. The company distributes its products within domestic market and to overseas markets.
69GF 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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