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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. Qingdao Huijintong Power Equipment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 6.09%.
SHSE:603577'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.72 Med: 8.42 Max: 13.71
Current: 7.65
During the past 13 years, Qingdao Huijintong Power Equipment Co's highest ROC (Joel Greenblatt) % was 13.71%. The lowest was 5.72%. And the median was 8.42%.
SHSE:603577's ROC (Joel Greenblatt) % is ranked worse than 60.7% of 3076
companies
in the Industrial Products industry
Industry Median: 12.14
vs SHSE:603577: 7.65
Qingdao Huijintong Power Equipment Co (SHSE:603577) 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.
Qingdao Huijintong Power Equipment Co ROC (Joel Greenblatt) % Chart
SHSE:603577 vs ATI, CRS, MLI: ROC (Joel Greenblatt) % Comparison
For the Metal Fabrication subindustry, Qingdao Huijintong Power Equipment 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.
Qingdao Huijintong Power Equipment Co ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Qingdao Huijintong Power Equipment Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Qingdao Huijintong Power Equipment Co's ROC (Joel Greenblatt) % falls into.
Qingdao Huijintong Power Equipment 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 (Jun. 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 6.09% mean?
Qingdao Huijintong Power Equipment Co (SHSE:603577) has a ROC (Joel Greenblatt) % of 6.09% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Qingdao Huijintong Power Equipment Co and its competitors. This is 28% below median its historical median of 8.42. Over the past decade, Qingdao Huijintong Power Equipment Co's ROC (Joel Greenblatt) % has ranged from 5.72 to 13.71. According to the industry distribution chart, Qingdao Huijintong Power Equipment Co ranks #1867 out of 3076 companies in the Industrial Products industry, placing it in the top 60.7%.
Is Qingdao Huijintong Power Equipment Co's ROC (Joel Greenblatt) % too high?
Qingdao Huijintong Power Equipment Co's current ROC (Joel Greenblatt) % of 6.09% is 28% below median its 10-year median of 8.42. Over the past 10 years, this metric has ranged from a low of 5.72 to a high of 13.71. The Industrial Products industry median ROC (Joel Greenblatt) % is 12.14. Qingdao Huijintong Power Equipment Co's value of 6.09% is 49.8% below this industry median. Based on the distribution chart, Qingdao Huijintong Power Equipment Co ranks #1867 out of 3076 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Qingdao Huijintong Power Equipment Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Qingdao Huijintong Power Equipment Co's ROC (Joel Greenblatt) % compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Qingdao Huijintong Power Equipment Co ranks #1867 out of 3076 companies for ROC (Joel Greenblatt) %. This places Qingdao Huijintong Power Equipment Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.14. Qingdao Huijintong Power Equipment Co's value of 6.09% is 49.8% below this benchmark. Historically, Qingdao Huijintong Power Equipment Co's own ROC (Joel Greenblatt) % has ranged from 5.72 to 13.71 over the past decade. While the company's 10-year median is 8.42 vs. the industry median of 12.14, Qingdao Huijintong Power Equipment 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 12.14, based on 3,076 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. Qingdao Huijintong Power Equipment Co's current ROC (Joel Greenblatt) % of 6.09% is 49.8% 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 Qingdao Huijintong Power Equipment Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 12.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qingdao Huijintong Power Equipment Co's current ROC (Joel Greenblatt) % is 6.09%, which is 28% below median its own 10-year median of 8.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qingdao Huijintong Power Equipment Co stock overvalued right now?
Based on GuruFocus' analysis, Qingdao Huijintong Power Equipment Co (SHSE:603577) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥8.66, compared to a current price of ¥10.46 — trading 20.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 6.09%, which is 28% below median its 10-year median of 8.42 and 49.8% below the Industrial Products industry median of 12.14. Qingdao Huijintong Power Equipment Co's overall GF Score™ is 80/100 with 10 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 Qingdao Huijintong Power Equipment Co (SHSE:603577), the current ROC (Joel Greenblatt) % is 6.09% as of Jun. 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 Qingdao Huijintong Power Equipment Co (SHSE:603577) Overvalued in 2026?
Based on GuruFocus' analysis, Qingdao Huijintong Power Equipment Co stock appears to be overvalued.
The current stock price of ¥10.46 is trading 20.8% above its estimated GF Value™ of ¥8.66.
GuruFocus considers Qingdao Huijintong Power Equipment Co to be Modestly Overvalued.
Key valuation signals for SHSE:603577:
ROC (Joel Greenblatt) %: 6.09% (28% below median its 10-year median of 8.42)
GF Value™: ¥8.66 vs. price of ¥10.46 (20.8% above fair value)
Industry Position: 49.8% below the Industrial Products median (#1867 of 3076)
No single metric tells the full story. See the SHSE:603577 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qingdao Huijintong Power Equipment Co Ltd manufactures steel structures. Its products include Lattice Angle Steel Tower, Steel Tube Tower, Solar Bracket and other steel structures.
80GF 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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