TSI Group Co (SHSE:603262) ROC (Joel Greenblatt) %: 14.60% (As of Mar. 2026) — 69% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:603262 TSI Group Co Ltd SHSE:603262
23 GF Score
Price ¥18.62
! 3 Warning Signs
View Full Analysis

What is TSI Group Co ROC (Joel Greenblatt) %?

TSI Group Co SHSE:603262 -1.59% 23 ROC (Joel Greenblatt) % is 14.60% as of Mar. 2026, which is 69% below its 10-year median of 47.37. GuruFocus rates SHSE:603262 with a GF Score™ of 23/100. The stock has 3 warning signs investors should review. Among 1,980 Consumer Packaged Goods companies, TSI Group Co ranks better than 66.77% 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. TSI Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.60%.

The historical rank and industry rank for TSI Group Co's ROC (Joel Greenblatt) % or its related term are showing as below:

SHSE:603262' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.35   Med: 47.37   Max: 81.73
Current: 19.35

During the past 7 years, TSI Group Co's highest ROC (Joel Greenblatt) % was 81.73%. The lowest was 19.35%. And the median was 47.37%.

SHSE:603262's ROC (Joel Greenblatt) % is ranked better than
66.77% of 1980 companies
in the Consumer Packaged Goods industry
Industry Median: 12.045 vs SHSE:603262: 19.35

TSI Group Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -16.00% per year.


TSI Group Co  (SHSE:603262) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


TSI Group Co ROC (Joel Greenblatt) % Related Terms


TSI Group Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for TSI Group 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.

TSI Group Co ROC (Joel Greenblatt) % Chart

TSI Group Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 58.36 47.37 41.88 40.08 24.44

TSI Group Co Quarterly Data
Dec19 Dec20 Dec21 Jun22 Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.36 40.88 13.68 10.27 14.60

SHSE:603262 vs KHC, GIS: ROC (Joel Greenblatt) % Comparison

For the Packaged Foods subindustry, TSI Group 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.


TSI Group Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, TSI Group Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where TSI Group Co's ROC (Joel Greenblatt) % falls into.


SHSE:603262
23GF Score
TSI Group Co Ltd SHSE:603262
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSI Group 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(225.626 + 221.019 + 19.958) - (172.538 + 0 + 8.625)
=285.44

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(209.94 + 230.286 + 22.084) - (162.907 + 0 + 4.593)
=294.81

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of TSI Group Co for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=110.672/( ( (448.43 + max(285.44, 0)) + (486.926 + max(294.81, 0)) )/ 2 )
=110.672/( ( 733.87 + 781.736 )/ 2 )
=110.672/757.803
=14.60 %

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 14.60% mean?
TSI Group Co (SHSE:603262) has a ROC (Joel Greenblatt) % of 14.60% 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 TSI Group Co and its competitors. This is 69% below median its historical median of 47.37. Over the past decade, TSI Group Co's ROC (Joel Greenblatt) % has ranged from 19.35 to 81.73. According to the industry distribution chart, TSI Group Co ranks #658 out of 1980 companies in the Consumer Packaged Goods industry, placing it in the top 33.2%.
Is TSI Group Co's ROC (Joel Greenblatt) % too high?
TSI Group Co's current ROC (Joel Greenblatt) % of 14.60% is 69% below median its 10-year median of 47.37. Over the past 10 years, this metric has ranged from a low of 19.35 to a high of 81.73. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 12.05. TSI Group Co's value of 14.60% is 21.2% above this industry median. Based on the distribution chart, TSI Group Co ranks #658 out of 1980 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, TSI Group Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does TSI Group Co's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, TSI Group Co ranks #658 out of 1980 companies for ROC (Joel Greenblatt) %. This puts TSI Group Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.05. TSI Group Co's value of 14.60% is 21.2% above this benchmark. Historically, TSI Group Co's own ROC (Joel Greenblatt) % has ranged from 19.35 to 81.73 over the past decade. While the company's 10-year median is 47.37 vs. the industry median of 12.05, TSI Group 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 12.05, based on 1,980 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. TSI Group Co's current ROC (Joel Greenblatt) % of 14.60% is 21.2% 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 TSI Group Co and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 12.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSI Group Co's current ROC (Joel Greenblatt) % is 14.60%, which is 69% below median its own 10-year median of 47.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSI Group Co stock overvalued right now?
TSI Group Co (SHSE:603262) has a current ROC (Joel Greenblatt) % of 14.60%. The current ROC (Joel Greenblatt) % is 14.60%, which is 69% below median its 10-year median of 47.37 and 21.2% above the Consumer Packaged Goods industry median of 12.05. TSI Group 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 TSI Group Co (SHSE:603262), the current ROC (Joel Greenblatt) % is 14.60% 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.

TSI Group Co Business Description

Address No. 1089, Qinzhou North Road, 5th Floor, Building 54, Xuhui District, Shanghai, CHN, 200233
TSI Group Co Ltd is An international enterprise group engaged in Research & Development, innovation and industrialization of dietary nutritional supplement products.
23GF Score

Get the complete analysis for SHSE:603262

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥18.62
Price