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Sichuan Changhong Electric CoSHSE:600839 +1.46%56 ROC (Joel Greenblatt) % is 24.96% as of Mar. 2026, which is 17% above its 10-year median of 21.34. GuruFocus rates SHSE:600839 with a GF Score™ of 56/100 and a GF Value™ of ¥8.98 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 433 Furnishings, Fixtures & Appliances companies, Sichuan Changhong Electric Co ranks better than 85.91% 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. Sichuan Changhong Electric Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.96%.
The historical rank and industry rank for Sichuan Changhong Electric Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600839'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.06 Med: 21.34 Max: 39.27
Current: 34.02
During the past 13 years, Sichuan Changhong Electric Co's highest ROC (Joel Greenblatt) % was 39.27%. The lowest was 12.06%. And the median was 21.34%.
SHSE:600839's ROC (Joel Greenblatt) % is ranked better than 85.91% of 433
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 9.52
vs SHSE:600839: 34.02
Sichuan Changhong Electric Co (SHSE:600839) 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.
Sichuan Changhong Electric Co ROC (Joel Greenblatt) % Chart
SHSE:600839 vs SN, SGI, MHK: ROC (Joel Greenblatt) % Comparison
For the Furnishings, Fixtures & Appliances subindustry, Sichuan Changhong Electric 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.
Sichuan Changhong Electric Co ROC (Joel Greenblatt) % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sichuan Changhong Electric Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sichuan Changhong Electric Co's ROC (Joel Greenblatt) % falls into.
Sichuan Changhong Electric 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 24.96% mean?
Sichuan Changhong Electric Co (SHSE:600839) has a ROC (Joel Greenblatt) % of 24.96% 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 Sichuan Changhong Electric Co and its competitors. This is 17% above median its historical median of 21.34. Over the past decade, Sichuan Changhong Electric Co's ROC (Joel Greenblatt) % has ranged from 12.06 to 39.27. According to the industry distribution chart, Sichuan Changhong Electric Co ranks #61 out of 433 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 14.1%.
Is Sichuan Changhong Electric Co's ROC (Joel Greenblatt) % too high?
Sichuan Changhong Electric Co's current ROC (Joel Greenblatt) % of 24.96% is 17% above median its 10-year median of 21.34. Over the past 10 years, this metric has ranged from a low of 12.06 to a high of 39.27. The Furnishings, Fixtures & Appliances industry median ROC (Joel Greenblatt) % is 9.52. Sichuan Changhong Electric Co's value of 24.96% is 162.2% above this industry median. Based on the distribution chart, Sichuan Changhong Electric Co ranks #61 out of 433 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Sichuan Changhong Electric Co has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sichuan Changhong Electric Co's ROC (Joel Greenblatt) % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Sichuan Changhong Electric Co ranks #61 out of 433 companies for ROC (Joel Greenblatt) %. This places Sichuan Changhong Electric Co in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.52. Sichuan Changhong Electric Co's value of 24.96% is 162.2% above this benchmark. Historically, Sichuan Changhong Electric Co's own ROC (Joel Greenblatt) % has ranged from 12.06 to 39.27 over the past decade. While the company's 10-year median is 21.34 vs. the industry median of 9.52, Sichuan Changhong Electric 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 Furnishings, Fixtures & Appliances company?
The median ROC (Joel Greenblatt) % among Furnishings, Fixtures & Appliances companies is 9.52, 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. Sichuan Changhong Electric Co's current ROC (Joel Greenblatt) % of 24.96% is 162.2% 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 Sichuan Changhong Electric Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROC (Joel Greenblatt) % is 9.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sichuan Changhong Electric Co's current ROC (Joel Greenblatt) % is 24.96%, which is 17% above median its own 10-year median of 21.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sichuan Changhong Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Sichuan Changhong Electric Co (SHSE:600839) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥8.98, compared to a current price of ¥6.96 — trading 22.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.96%, which is 17% above median its 10-year median of 21.34 and 162.2% above the Furnishings, Fixtures & Appliances industry median of 9.52. Sichuan Changhong Electric Co's overall GF Score™ is 56/100 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 Sichuan Changhong Electric Co (SHSE:600839), the current ROC (Joel Greenblatt) % is 24.96% 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 Sichuan Changhong Electric Co (SHSE:600839) Overvalued in 2026?
Based on GuruFocus' analysis, Sichuan Changhong Electric Co stock appears to be undervalued.
The current stock price of ¥6.96 is trading 22.5% below its estimated GF Value™ of ¥8.98.
GuruFocus considers Sichuan Changhong Electric Co to be Modestly Undervalued.
Key valuation signals for SHSE:600839:
ROC (Joel Greenblatt) %: 24.96% (17% above median its 10-year median of 21.34)
GF Value™: ¥8.98 vs. price of ¥6.96 (22.5% below fair value)
Industry Position: 162.2% above the Furnishings, Fixtures & Appliances median (#61 of 433)
No single metric tells the full story. See the SHSE:600839 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sichuan Changhong Electric Co Ltd is a China-based manufacturer and distributor of electronics and home appliances. It specializes in research and development, manufacturing, and marketing of various series of products, including TVs, refrigerators, air conditioners, cell phones, electronic components, compressors, and IT-integrated service businesses represented by mass distribution of digital products and cloud computing value-added services.
56GF Score
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