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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. Zhejiang Xiantong Rubber & Plastic Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.59%.
SHSE:603239'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 21.36 Med: 24.69 Max: 57.71
Current: 29.03
During the past 13 years, Zhejiang Xiantong Rubber & Plastic Co's highest ROC (Joel Greenblatt) % was 57.71%. The lowest was 21.36%. And the median was 24.69%.
SHSE:603239's ROC (Joel Greenblatt) % is ranked better than 81.94% of 1329
companies
in the Vehicles & Parts industry
Industry Median: 12.08
vs SHSE:603239: 29.03
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.
SHSE:603239 vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, Zhejiang Xiantong Rubber & Plastic 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.
Zhejiang Xiantong Rubber & Plastic Co ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Xiantong Rubber & Plastic Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zhejiang Xiantong Rubber & Plastic Co's ROC (Joel Greenblatt) % falls into.
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 26.59% mean?
Zhejiang Xiantong Rubber & Plastic Co (SHSE:603239) has a ROC (Joel Greenblatt) % of 26.59% 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 Zhejiang Xiantong Rubber & Plastic Co and its competitors. This is near median its historical median of 24.69. Over the past decade, Zhejiang Xiantong Rubber & Plastic Co's ROC (Joel Greenblatt) % has ranged from 21.36 to 57.71. According to the industry distribution chart, Zhejiang Xiantong Rubber & Plastic Co ranks #240 out of 1329 companies in the Vehicles & Parts industry, placing it in the top 18.1%.
Is Zhejiang Xiantong Rubber & Plastic Co's ROC (Joel Greenblatt) % too high?
Zhejiang Xiantong Rubber & Plastic Co's current ROC (Joel Greenblatt) % of 26.59% is near median its 10-year median of 24.69. Over the past 10 years, this metric has ranged from a low of 21.36 to a high of 57.71. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.08. Zhejiang Xiantong Rubber & Plastic Co's value of 26.59% is 120.1% above this industry median. Based on the distribution chart, Zhejiang Xiantong Rubber & Plastic Co ranks #240 out of 1329 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Xiantong Rubber & Plastic Co has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Xiantong Rubber & Plastic Co's ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Zhejiang Xiantong Rubber & Plastic Co ranks #240 out of 1329 companies for ROC (Joel Greenblatt) %. This places Zhejiang Xiantong Rubber & Plastic Co in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.08. Zhejiang Xiantong Rubber & Plastic Co's value of 26.59% is 120.1% above this benchmark. Historically, Zhejiang Xiantong Rubber & Plastic Co's own ROC (Joel Greenblatt) % has ranged from 21.36 to 57.71 over the past decade. While the company's 10-year median is 24.69 vs. the industry median of 12.08, Zhejiang Xiantong Rubber & Plastic 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 12.08, based on 1,329 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. Zhejiang Xiantong Rubber & Plastic Co's current ROC (Joel Greenblatt) % of 26.59% is 120.1% 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 Zhejiang Xiantong Rubber & Plastic Co and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Xiantong Rubber & Plastic Co's current ROC (Joel Greenblatt) % is 26.59%, which is near median its own 10-year median of 24.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Xiantong Rubber & Plastic Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Xiantong Rubber & Plastic Co (SHSE:603239) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥21.59, compared to a current price of ¥14.29 — trading 33.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 26.59%, which is near median its 10-year median of 24.69 and 120.1% above the Vehicles & Parts industry median of 12.08. Zhejiang Xiantong Rubber & Plastic Co's overall GF Score™ is 77/100 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 Zhejiang Xiantong Rubber & Plastic Co (SHSE:603239), the current ROC (Joel Greenblatt) % is 26.59% 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 Zhejiang Xiantong Rubber & Plastic Co (SHSE:603239) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Xiantong Rubber & Plastic Co stock appears to be undervalued.
The current stock price of ¥14.29 is trading 33.8% below its estimated GF Value™ of ¥21.59.
GuruFocus considers Zhejiang Xiantong Rubber & Plastic Co to be Significantly Undervalued.
Key valuation signals for SHSE:603239:
ROC (Joel Greenblatt) %: 26.59% (near median its 10-year median of 24.69)
GF Value™: ¥21.59 vs. price of ¥14.29 (33.8% below fair value)
Industry Position: 120.1% above the Vehicles & Parts median (#240 of 1329)
No single metric tells the full story. See the SHSE:603239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Xiantong Rubber & Plastic Co Ltd is an automotive parts manufacturer. Its products comprise of vehicular seals, decoratives and other automotive parts.
77GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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