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Heilongjiang Tianyouwei Electronics CoSHSE:603202 +0.92%23 ROC (Joel Greenblatt) % is 23.89% as of Mar. 2026, which is 65% below its 10-year median of 69.09. GuruFocus rates SHSE:603202 with a GF Score™ of 23/100. The stock has 3 warning signs investors should review. Among 1,336 Vehicles & Parts companies, Heilongjiang Tianyouwei Electronics Co ranks better than 93.79% 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. Heilongjiang Tianyouwei Electronics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.89%.
SHSE:603202'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.41 Med: 69.09 Max: 119.2
Current: 53.88
During the past 6 years, Heilongjiang Tianyouwei Electronics Co's highest ROC (Joel Greenblatt) % was 119.20%. The lowest was 14.41%. And the median was 69.09%.
SHSE:603202's ROC (Joel Greenblatt) % is ranked better than 93.79% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 12.755
vs SHSE:603202: 53.88
Heilongjiang Tianyouwei Electronics Co (SHSE:603202) 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.
Heilongjiang Tianyouwei Electronics Co ROC (Joel Greenblatt) % Chart
Heilongjiang Tianyouwei Electronics Co Annual Data
SHSE:603202 vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, Heilongjiang Tianyouwei Electronics 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.
Heilongjiang Tianyouwei Electronics Co ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Heilongjiang Tianyouwei Electronics Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Heilongjiang Tianyouwei Electronics Co's ROC (Joel Greenblatt) % falls into.
Heilongjiang Tianyouwei Electronics 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 23.89% mean?
Heilongjiang Tianyouwei Electronics Co (SHSE:603202) has a ROC (Joel Greenblatt) % of 23.89% 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 Heilongjiang Tianyouwei Electronics Co and its competitors. This is 65% below median its historical median of 69.09. Over the past decade, Heilongjiang Tianyouwei Electronics Co's ROC (Joel Greenblatt) % has ranged from 14.41 to 119.20. According to the industry distribution chart, Heilongjiang Tianyouwei Electronics Co ranks #83 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 6.2%.
Is Heilongjiang Tianyouwei Electronics Co's ROC (Joel Greenblatt) % too high?
Heilongjiang Tianyouwei Electronics Co's current ROC (Joel Greenblatt) % of 23.89% is 65% below median its 10-year median of 69.09. Over the past 10 years, this metric has ranged from a low of 14.41 to a high of 119.20. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.76. Heilongjiang Tianyouwei Electronics Co's value of 23.89% is 87.3% above this industry median. Based on the distribution chart, Heilongjiang Tianyouwei Electronics Co ranks #83 out of 1336 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Heilongjiang Tianyouwei Electronics Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Heilongjiang Tianyouwei Electronics Co's ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Heilongjiang Tianyouwei Electronics Co ranks #83 out of 1336 companies for ROC (Joel Greenblatt) %. This places Heilongjiang Tianyouwei Electronics Co in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.76. Heilongjiang Tianyouwei Electronics Co's value of 23.89% is 87.3% above this benchmark. Historically, Heilongjiang Tianyouwei Electronics Co's own ROC (Joel Greenblatt) % has ranged from 14.41 to 119.20 over the past decade. While the company's 10-year median is 69.09 vs. the industry median of 12.76, Heilongjiang Tianyouwei Electronics 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.76, based on 1,336 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. Heilongjiang Tianyouwei Electronics Co's current ROC (Joel Greenblatt) % of 23.89% is 87.3% 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 Heilongjiang Tianyouwei Electronics Co and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heilongjiang Tianyouwei Electronics Co's current ROC (Joel Greenblatt) % is 23.89%, which is 65% below median its own 10-year median of 69.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heilongjiang Tianyouwei Electronics Co stock overvalued right now?
Heilongjiang Tianyouwei Electronics Co (SHSE:603202) has a current ROC (Joel Greenblatt) % of 23.89%. The current ROC (Joel Greenblatt) % is 23.89%, which is 65% below median its 10-year median of 69.09 and 87.3% above the Vehicles & Parts industry median of 12.76. Heilongjiang Tianyouwei Electronics Co's overall GF Score™ is 23/100 with 3 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 Heilongjiang Tianyouwei Electronics Co (SHSE:603202), the current ROC (Joel Greenblatt) % is 23.89% 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.
Heilongjiang Tianyouwei Electronics Co Ltd is engaged in the research and development, design, production, sales and service of automotive instruments, and gradually expands into the field of smart cockpits. The company products include electronic instrument clusters, full LCD instrument clusters, dual-screen instruments, in-vehicle infotainment systems, in-vehicle air-conditioning controllers, in-vehicle wireless chargers, automotive electronics development services, etc.
23GF Score
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