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Hainan Mining CoSHSE:601969 +2.18%69 ROC (Joel Greenblatt) % is 10.75% as of Mar. 2026, which is 38% above its 10-year median of 7.81. GuruFocus rates SHSE:601969 with a GF Score™ of 69/100 and a GF Value™ of ¥7.22 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 632 Steel companies, Hainan Mining Co ranks better than 52.53% 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. Hainan Mining Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.75%.
The historical rank and industry rank for Hainan Mining Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:601969'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.42 Med: 7.81 Max: 28.64
Current: 8.18
During the past 13 years, Hainan Mining Co's highest ROC (Joel Greenblatt) % was 28.64%. The lowest was -12.42%. And the median was 7.81%.
SHSE:601969's ROC (Joel Greenblatt) % is ranked better than 52.53% of 632
companies
in the Steel industry
Industry Median: 7.26
vs SHSE:601969: 8.18
Hainan Mining Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.60% per year.
Hainan Mining Co (SHSE:601969) 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.
Hainan Mining Co ROC (Joel Greenblatt) % Related Terms
Hainan Mining Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Hainan Mining Co'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.
SHSE:601969 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Hainan Mining 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.
Hainan Mining Co ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Hainan Mining Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hainan Mining Co's ROC (Joel Greenblatt) % falls into.
Hainan Mining 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 10.75% mean?
Hainan Mining Co (SHSE:601969) has a ROC (Joel Greenblatt) % of 10.75% 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 Hainan Mining Co and its competitors. This is 38% above median its historical median of 7.81. According to the industry distribution chart, Hainan Mining Co ranks #300 out of 632 companies in the Steel industry, placing it in the top 47.5%.
Is Hainan Mining Co's ROC (Joel Greenblatt) % too high?
Hainan Mining Co's current ROC (Joel Greenblatt) % of 10.75% is 38% above median its 10-year median of 7.81. The Steel industry median ROC (Joel Greenblatt) % is 7.26. Hainan Mining Co's value of 10.75% is 48.1% above this industry median. Based on the distribution chart, Hainan Mining Co ranks #300 out of 632 companies in the Steel industry, which is above the industry midpoint. Overall, Hainan Mining 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 Hainan Mining Co's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Hainan Mining Co ranks #300 out of 632 companies for ROC (Joel Greenblatt) %. This puts Hainan Mining Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 7.26. Hainan Mining Co's value of 10.75% is 48.1% above this benchmark. While the company's 10-year median is 7.81 vs. the industry median of 7.26, Hainan Mining 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.26, based on 632 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. Hainan Mining Co's current ROC (Joel Greenblatt) % of 10.75% is 48.1% 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 Hainan Mining Co and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hainan Mining Co's current ROC (Joel Greenblatt) % is 10.75%, which is 38% above median its own 10-year median of 7.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hainan Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Hainan Mining Co (SHSE:601969) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥7.22, compared to a current price of ¥9.37 — trading 29.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 10.75%, which is 38% above median its 10-year median of 7.81 and 48.1% above the Steel industry median of 7.26. Hainan Mining Co's overall GF Score™ is 69/100 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 Hainan Mining Co (SHSE:601969), the current ROC (Joel Greenblatt) % is 10.75% 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 Hainan Mining Co (SHSE:601969) Overvalued in 2026?
Based on GuruFocus' analysis, Hainan Mining Co stock appears to be overvalued.
The current stock price of ¥9.37 is trading 29.8% above its estimated GF Value™ of ¥7.22.
GuruFocus considers Hainan Mining Co to be Modestly Overvalued.
Key valuation signals for SHSE:601969:
ROC (Joel Greenblatt) %: 10.75% (38% above median its 10-year median of 7.81)
GF Value™: ¥7.22 vs. price of ¥9.37 (29.8% above fair value)
Industry Position: 48.1% above the Steel median (#300 of 632)
No single metric tells the full story. See the SHSE:601969 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hainan Mining Co Ltd is a China-based company engages in the business of iron ore mining. It offers a range of product that is lump ore, fine ore, and iron fine powder to iron and steel companies. It holds an interest in Shilu, a multi-metal and non-metallic mineral deposit located in China.
69GF Score
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