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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. Chongqing Chongbai Technology Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 27.41%.
SHSE:600729'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 17.3 Med: 26.4 Max: 38.15
Current: 20.22
During the past 13 years, Chongqing Chongbai Technology Group Co's highest ROC (Joel Greenblatt) % was 38.15%. The lowest was 17.30%. And the median was 26.40%.
SHSE:600729's ROC (Joel Greenblatt) % is ranked better than 63.87% of 1132
companies
in the Retail - Cyclical industry
Industry Median: 11.91
vs SHSE:600729: 20.22
Chongqing Chongbai Technology Group Co (SHSE:600729) 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.
Chongqing Chongbai Technology Group Co ROC (Joel Greenblatt) % Chart
Chongqing Chongbai Technology Group Co Annual Data
SHSE:600729 vs DDS: ROC (Joel Greenblatt) % Comparison
For the Department Stores subindustry, Chongqing Chongbai Technology 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.
Chongqing Chongbai Technology Group Co ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Chongqing Chongbai Technology Group Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chongqing Chongbai Technology Group Co's ROC (Joel Greenblatt) % falls into.
Chongqing Chongbai Technology 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:
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 27.41% mean?
Chongqing Chongbai Technology Group Co (SHSE:600729) has a ROC (Joel Greenblatt) % of 27.41% 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 Chongqing Chongbai Technology Group Co and its competitors. This is near median its historical median of 26.40. Over the past decade, Chongqing Chongbai Technology Group Co's ROC (Joel Greenblatt) % has ranged from 17.30 to 38.15. According to the industry distribution chart, Chongqing Chongbai Technology Group Co ranks #409 out of 1132 companies in the Retail - Cyclical industry, placing it in the top 36.1%.
Is Chongqing Chongbai Technology Group Co's ROC (Joel Greenblatt) % too high?
Chongqing Chongbai Technology Group Co's current ROC (Joel Greenblatt) % of 27.41% is near median its 10-year median of 26.40. Over the past 10 years, this metric has ranged from a low of 17.30 to a high of 38.15. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.91. Chongqing Chongbai Technology Group Co's value of 27.41% is 130.1% above this industry median. Based on the distribution chart, Chongqing Chongbai Technology Group Co ranks #409 out of 1132 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Chongqing Chongbai Technology Group Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Chongbai Technology Group Co's ROC (Joel Greenblatt) % compare to DDS?
According to the Retail - Cyclical industry distribution chart, Chongqing Chongbai Technology Group Co ranks #409 out of 1132 companies for ROC (Joel Greenblatt) %. This puts Chongqing Chongbai Technology Group Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.91. Chongqing Chongbai Technology Group Co's value of 27.41% is 130.1% above this benchmark. Historically, Chongqing Chongbai Technology Group Co's own ROC (Joel Greenblatt) % has ranged from 17.30 to 38.15 over the past decade. While the company's 10-year median is 26.40 vs. the industry median of 11.91, Chongqing Chongbai Technology 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.91, based on 1,132 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. Chongqing Chongbai Technology Group Co's current ROC (Joel Greenblatt) % of 27.41% is 130.1% 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 Chongqing Chongbai Technology Group Co and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Chongbai Technology Group Co's current ROC (Joel Greenblatt) % is 27.41%, which is near median its own 10-year median of 26.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Chongbai Technology Group Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Chongbai Technology Group Co (SHSE:600729) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥23.04, compared to a current price of ¥19.03 — trading 17.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 27.41%, which is near median its 10-year median of 26.40 and 130.1% above the Retail - Cyclical industry median of 11.91. Chongqing Chongbai Technology Group Co's overall GF Score™ is 63/100 with 4 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 Chongqing Chongbai Technology Group Co (SHSE:600729), the current ROC (Joel Greenblatt) % is 27.41% 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 Chongqing Chongbai Technology Group Co (SHSE:600729) Overvalued in 2026?
Based on GuruFocus' analysis, Chongqing Chongbai Technology Group Co stock appears to be undervalued.
The current stock price of ¥19.03 is trading 17.4% below its estimated GF Value™ of ¥23.04.
GuruFocus considers Chongqing Chongbai Technology Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:600729:
ROC (Joel Greenblatt) %: 27.41% (near median its 10-year median of 26.40)
GF Value™: ¥23.04 vs. price of ¥19.03 (17.4% below fair value)
Industry Position: 130.1% above the Retail - Cyclical median (#409 of 1132)
No single metric tells the full story. See the SHSE:600729 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chongqing Chongbai Technology Group Co Ltd is engaged the Business operations include department stores, supermarkets, electronics and automobile trading, etc.
63GF Score
Get the complete analysis for SHSE:600729
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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