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Jiangxi Jiangnan New Material Technology CoSHSE:603124 +1.89%41 ROC (Joel Greenblatt) % is 26.30% as of Mar. 2026, which is 12% above its 10-year median of 23.46. GuruFocus rates SHSE:603124 with a GF Score™ of 41/100. The stock has 8 warning signs investors should review. Among 2,505 Metals & Mining companies, Jiangxi Jiangnan New Material Technology Co ranks better than 87.58% 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. Jiangxi Jiangnan New Material Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.30%.
SHSE:603124's ROC (Joel Greenblatt) % is ranked better than 87.58% of 2505
companies
in the Metals & Mining industry
Industry Median: -22.09
vs SHSE:603124: 24.36
Jiangxi Jiangnan New Material Technology Co (SHSE:603124) 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.
Jiangxi Jiangnan New Material Technology Co ROC (Joel Greenblatt) % Chart
Jiangxi Jiangnan New Material Technology Co Annual Data
SHSE:603124 vs SCCO, FCX: ROC (Joel Greenblatt) % Comparison
For the Copper subindustry, Jiangxi Jiangnan New Material Technology 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.
Jiangxi Jiangnan New Material Technology Co ROC (Joel Greenblatt) % vs Metals & Mining Industry
Jiangxi Jiangnan New Material Technology 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 26.30% mean?
Jiangxi Jiangnan New Material Technology Co (SHSE:603124) has a ROC (Joel Greenblatt) % of 26.30% 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 Jiangxi Jiangnan New Material Technology Co and its competitors. This is 12% above median its historical median of 23.46. Over the past decade, Jiangxi Jiangnan New Material Technology Co's ROC (Joel Greenblatt) % has ranged from 16.62 to 38.94. According to the industry distribution chart, Jiangxi Jiangnan New Material Technology Co ranks #311 out of 2505 companies in the Metals & Mining industry, placing it in the top 12.4%.
Is Jiangxi Jiangnan New Material Technology Co's ROC (Joel Greenblatt) % too high?
Jiangxi Jiangnan New Material Technology Co's current ROC (Joel Greenblatt) % of 26.30% is 12% above median its 10-year median of 23.46. Over the past 10 years, this metric has ranged from a low of 16.62 to a high of 38.94. Based on the distribution chart, Jiangxi Jiangnan New Material Technology Co ranks #311 out of 2505 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Jiangxi Jiangnan New Material Technology Co has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Jiangxi Jiangnan New Material Technology Co's ROC (Joel Greenblatt) % compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Jiangxi Jiangnan New Material Technology Co ranks #311 out of 2505 companies for ROC (Joel Greenblatt) %. This places Jiangxi Jiangnan New Material Technology Co in the top 12% of its industry — outperforming the majority of peers. Historically, Jiangxi Jiangnan New Material Technology Co's own ROC (Joel Greenblatt) % has ranged from 16.62 to 38.94 over the past decade. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. 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 Jiangxi Jiangnan New Material Technology Co and its competitors. Jiangxi Jiangnan New Material Technology Co's current ROC (Joel Greenblatt) % is 26.30%, which is 12% above median its own 10-year median of 23.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangxi Jiangnan New Material Technology Co stock overvalued right now?
Jiangxi Jiangnan New Material Technology Co (SHSE:603124) has a current ROC (Joel Greenblatt) % of 26.30%. The current ROC (Joel Greenblatt) % is 26.30%, which is 12% above median its 10-year median of 23.46. Jiangxi Jiangnan New Material Technology Co's overall GF Score™ is 41/100 with 8 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 Jiangxi Jiangnan New Material Technology Co (SHSE:603124), the current ROC (Joel Greenblatt) % is 26.30% 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.
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