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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. Zhejiangnmei Chemical Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 65.17%.
The historical rank and industry rank for Zhejiangnmei Chemical Industry Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:603379'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 28.45 Med: 76 Max: 169.25
Current: 86.89
During the past 13 years, Zhejiangnmei Chemical Industry Co's highest ROC (Joel Greenblatt) % was 169.25%. The lowest was 28.45%. And the median was 76.00%.
SHSE:603379's ROC (Joel Greenblatt) % is ranked better than 97.76% of 1609
companies
in the Chemicals industry
Industry Median: 10.55
vs SHSE:603379: 86.89
Zhejiangnmei Chemical Industry Co (SHSE:603379) 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.
Zhejiangnmei Chemical Industry Co ROC (Joel Greenblatt) % Chart
SHSE:603379 vs DOW: ROC (Joel Greenblatt) % Comparison
For the Chemicals subindustry, Zhejiangnmei Chemical Industry 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.
Zhejiangnmei Chemical Industry Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Zhejiangnmei Chemical Industry Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zhejiangnmei Chemical Industry Co's ROC (Joel Greenblatt) % falls into.
Zhejiangnmei Chemical Industry 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 65.17% mean?
Zhejiangnmei Chemical Industry Co (SHSE:603379) has a ROC (Joel Greenblatt) % of 65.17% 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 Zhejiangnmei Chemical Industry Co and its competitors. This is 14% below median its historical median of 76.00. Over the past decade, Zhejiangnmei Chemical Industry Co's ROC (Joel Greenblatt) % has ranged from 28.45 to 169.25. According to the industry distribution chart, Zhejiangnmei Chemical Industry Co ranks #36 out of 1609 companies in the Chemicals industry, placing it in the top 2.2%.
Is Zhejiangnmei Chemical Industry Co's ROC (Joel Greenblatt) % too high?
Zhejiangnmei Chemical Industry Co's current ROC (Joel Greenblatt) % of 65.17% is 14% below median its 10-year median of 76.00. Over the past 10 years, this metric has ranged from a low of 28.45 to a high of 169.25. The Chemicals industry median ROC (Joel Greenblatt) % is 10.55. Zhejiangnmei Chemical Industry Co's value of 65.17% is 517.7% above this industry median. Based on the distribution chart, Zhejiangnmei Chemical Industry Co ranks #36 out of 1609 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiangnmei Chemical Industry Co has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiangnmei Chemical Industry Co's ROC (Joel Greenblatt) % compare to DOW?
According to the Chemicals industry distribution chart, Zhejiangnmei Chemical Industry Co ranks #36 out of 1609 companies for ROC (Joel Greenblatt) %. This places Zhejiangnmei Chemical Industry Co in the top 2% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.55. Zhejiangnmei Chemical Industry Co's value of 65.17% is 517.7% above this benchmark. Historically, Zhejiangnmei Chemical Industry Co's own ROC (Joel Greenblatt) % has ranged from 28.45 to 169.25 over the past decade. While the company's 10-year median is 76.00 vs. the industry median of 10.55, Zhejiangnmei Chemical Industry 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 10.55, based on 1,609 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. Zhejiangnmei Chemical Industry Co's current ROC (Joel Greenblatt) % of 65.17% is 517.7% 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 Zhejiangnmei Chemical Industry Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 10.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiangnmei Chemical Industry Co's current ROC (Joel Greenblatt) % is 65.17%, which is 14% below median its own 10-year median of 76.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiangnmei Chemical Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiangnmei Chemical Industry Co (SHSE:603379) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥68.03, compared to a current price of ¥61.45 — trading 9.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 65.17%, which is 14% below median its 10-year median of 76.00 and 517.7% above the Chemicals industry median of 10.55. Zhejiangnmei Chemical Industry Co's overall GF Score™ is 94/100 with 2 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 Zhejiangnmei Chemical Industry Co (SHSE:603379), the current ROC (Joel Greenblatt) % is 65.17% 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 Zhejiangnmei Chemical Industry Co (SHSE:603379) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiangnmei Chemical Industry Co stock appears to be undervalued.
The current stock price of ¥61.45 is trading 9.7% below its estimated GF Value™ of ¥68.03.
GuruFocus considers Zhejiangnmei Chemical Industry Co to be Modestly Undervalued.
Key valuation signals for SHSE:603379:
ROC (Joel Greenblatt) %: 65.17% (14% below median its 10-year median of 76.00)
GF Value™: ¥68.03 vs. price of ¥61.45 (9.7% below fair value)
Industry Position: 517.7% above the Chemicals median (#36 of 1609)
No single metric tells the full story. See the SHSE:603379 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Sanmei Chemical Industry Co Ltd is specialized in research and development and product production of fluorine chemical products. The products are sold to more than 30 provinces and cities nationwide and more than 100 countries and regions around the world. The company has two series of products, organic fluorine and inorganic fluorine.
94GF Score
Get the complete analysis for SHSE:603379
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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