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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. Ningxia Zhongke Biotechnology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -14.73%.
The historical rank and industry rank for Ningxia Zhongke Biotechnology Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600165'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.57 Med: -7.21 Max: 15.78
Current: -7.08
During the past 13 years, Ningxia Zhongke Biotechnology Co's highest ROC (Joel Greenblatt) % was 15.78%. The lowest was -23.57%. And the median was -7.21%.
SHSE:600165's ROC (Joel Greenblatt) % is ranked worse than 86.14% of 1609
companies
in the Chemicals industry
Industry Median: 10.59
vs SHSE:600165: -7.08
Ningxia Zhongke Biotechnology Co (SHSE:600165) 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.
Ningxia Zhongke Biotechnology Co ROC (Joel Greenblatt) % Chart
SHSE:600165 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Ningxia Zhongke Biotechnology 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.
Ningxia Zhongke Biotechnology Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ningxia Zhongke Biotechnology Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ningxia Zhongke Biotechnology Co's ROC (Joel Greenblatt) % falls into.
Ningxia Zhongke Biotechnology 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 -14.73% mean?
Ningxia Zhongke Biotechnology Co (SHSE:600165) has a ROC (Joel Greenblatt) % of -14.73% 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 Ningxia Zhongke Biotechnology Co and its competitors. According to the industry distribution chart, Ningxia Zhongke Biotechnology Co ranks #1386 out of 1609 companies in the Chemicals industry, placing it in the top 86.1%.
Is Ningxia Zhongke Biotechnology Co's ROC (Joel Greenblatt) % too high?
Ningxia Zhongke Biotechnology Co's current ROC (Joel Greenblatt) % is -14.73%. Based on the distribution chart, Ningxia Zhongke Biotechnology Co ranks #1386 out of 1609 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Ningxia Zhongke Biotechnology Co has a GF Score™ of 53/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningxia Zhongke Biotechnology Co's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ningxia Zhongke Biotechnology Co ranks #1386 out of 1609 companies for ROC (Joel Greenblatt) %. This places Ningxia Zhongke Biotechnology Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.59. 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 10.59, based on 1,609 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 Ningxia Zhongke Biotechnology Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 10.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningxia Zhongke Biotechnology Co's current ROC (Joel Greenblatt) % is -14.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningxia Zhongke Biotechnology Co stock overvalued right now?
Based on GuruFocus' analysis, Ningxia Zhongke Biotechnology Co (SHSE:600165) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥2.73, compared to a current price of ¥3.22 — trading 17.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is -14.73%. Ningxia Zhongke Biotechnology Co's overall GF Score™ is 53/100 with 5 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 Ningxia Zhongke Biotechnology Co (SHSE:600165), the current ROC (Joel Greenblatt) % is -14.73% 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 Ningxia Zhongke Biotechnology Co (SHSE:600165) Overvalued in 2026?
Based on GuruFocus' analysis, Ningxia Zhongke Biotechnology Co stock appears to be overvalued.
The current stock price of ¥3.22 is trading 17.9% above its estimated GF Value™ of ¥2.73.
GuruFocus considers Ningxia Zhongke Biotechnology Co to be Modestly Overvalued.
Key valuation signals for SHSE:600165:
ROC (Joel Greenblatt) %: -14.73%
GF Value™: ¥2.73 vs. price of ¥3.22 (17.9% above fair value)
No single metric tells the full story. See the SHSE:600165 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningxia Zhongke Biotechnology Co Ltd is engaged in the production and sales of activated carbon products, preparation and storage of stem cells, trade and other businesses, as well as lauric acid.
53GF Score
Get the complete analysis for SHSE:600165
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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