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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. Ningbo Shenglong Automotive Powertrain System Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.47%.
SHSE:603178's ROC (Joel Greenblatt) % is ranked worse than 90.93% of 1334
companies
in the Vehicles & Parts industry
Industry Median: 12.615
vs SHSE:603178: -17.19
Ningbo Shenglong Automotive Powertrain System Co (SHSE:603178) 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.
Ningbo Shenglong Automotive Powertrain System Co ROC (Joel Greenblatt) % Chart
Ningbo Shenglong Automotive Powertrain System Co Annual Data
SHSE:603178 vs TSLA, GM, F: ROC (Joel Greenblatt) % Comparison
For the Auto Manufacturers subindustry, Ningbo Shenglong Automotive Powertrain System 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.
Ningbo Shenglong Automotive Powertrain System Co ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
Ningbo Shenglong Automotive Powertrain System 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 10.47% mean?
Ningbo Shenglong Automotive Powertrain System Co (SHSE:603178) has a ROC (Joel Greenblatt) % of 10.47% 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 Ningbo Shenglong Automotive Powertrain System Co and its competitors. This is 26% above median its historical median of 8.31. According to the industry distribution chart, Ningbo Shenglong Automotive Powertrain System Co ranks #1213 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 90.9%.
Is Ningbo Shenglong Automotive Powertrain System Co's ROC (Joel Greenblatt) % too high?
Ningbo Shenglong Automotive Powertrain System Co's current ROC (Joel Greenblatt) % of 10.47% is 26% above median its 10-year median of 8.31. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.62. Ningbo Shenglong Automotive Powertrain System Co's value of 10.47% is 17% below this industry median. Based on the distribution chart, Ningbo Shenglong Automotive Powertrain System Co ranks #1213 out of 1334 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Ningbo Shenglong Automotive Powertrain System Co has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Shenglong Automotive Powertrain System Co's ROC (Joel Greenblatt) % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Ningbo Shenglong Automotive Powertrain System Co ranks #1213 out of 1334 companies for ROC (Joel Greenblatt) %. This places Ningbo Shenglong Automotive Powertrain System Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.62. Ningbo Shenglong Automotive Powertrain System Co's value of 10.47% is 17% below this benchmark. While the company's 10-year median is 8.31 vs. the industry median of 12.62, Ningbo Shenglong Automotive Powertrain System Co has consistently been below 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.62, based on 1,334 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. Ningbo Shenglong Automotive Powertrain System Co's current ROC (Joel Greenblatt) % of 10.47% is 17% below 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 Ningbo Shenglong Automotive Powertrain System Co and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Shenglong Automotive Powertrain System Co's current ROC (Joel Greenblatt) % is 10.47%, which is 26% above median its own 10-year median of 8.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Shenglong Automotive Powertrain System Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Shenglong Automotive Powertrain System Co (SHSE:603178) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥19.22, compared to a current price of ¥16.07 — trading 16.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.47%, which is 26% above median its 10-year median of 8.31 and 17% below the Vehicles & Parts industry median of 12.62. Ningbo Shenglong Automotive Powertrain System Co's overall GF Score™ is 57/100 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 Ningbo Shenglong Automotive Powertrain System Co (SHSE:603178), the current ROC (Joel Greenblatt) % is 10.47% 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 Ningbo Shenglong Automotive Powertrain System Co (SHSE:603178) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Shenglong Automotive Powertrain System Co stock appears to be undervalued.
The current stock price of ¥16.07 is trading 16.4% below its estimated GF Value™ of ¥19.22.
GuruFocus considers Ningbo Shenglong Automotive Powertrain System Co to be Modestly Undervalued.
Key valuation signals for SHSE:603178:
ROC (Joel Greenblatt) %: 10.47% (26% above median its 10-year median of 8.31)
GF Value™: ¥19.22 vs. price of ¥16.07 (16.4% below fair value)
Industry Position: 17% below the Vehicles & Parts median (#1213 of 1334)
No single metric tells the full story. See the SHSE:603178 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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