Anhui Kouzi Distillery Co (SHSE:603589) ROC (Joel Greenblatt) %: 19.33% (As of Mar. 2026) — 61% 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:603589 Anhui Kouzi Distillery Co Ltd SHSE:603589
84 GF Score
Price ¥18.94
GF Value ¥24.05
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Anhui Kouzi Distillery Co ROC (Joel Greenblatt) %?

Anhui Kouzi Distillery Co SHSE:603589 -1.66% 84 ROC (Joel Greenblatt) % is 19.33% as of Mar. 2026, which is 61% below its 10-year median of 49.83. GuruFocus rates SHSE:603589 with a GF Score™ of 84/100 and a GF Value™ of ¥24.05 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 210 Beverages - Alcoholic companies, Anhui Kouzi Distillery Co ranks worse than 62.38% 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. Anhui Kouzi Distillery Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.33%.

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

SHSE:603589' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.42   Med: 49.83   Max: 116.34
Current: 6.42

During the past 13 years, Anhui Kouzi Distillery Co's highest ROC (Joel Greenblatt) % was 116.34%. The lowest was 6.42%. And the median was 49.83%.

SHSE:603589's ROC (Joel Greenblatt) % is ranked worse than
62.38% of 210 companies
in the Beverages - Alcoholic industry
Industry Median: 12.31 vs SHSE:603589: 6.42

Anhui Kouzi Distillery Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -26.30% per year.


Anhui Kouzi Distillery Co  (SHSE:603589) 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.


Anhui Kouzi Distillery Co ROC (Joel Greenblatt) % Related Terms


Anhui Kouzi Distillery Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Anhui Kouzi Distillery 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.

Anhui Kouzi Distillery Co ROC (Joel Greenblatt) % Chart

Anhui Kouzi Distillery Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.58 42.54 37.87 33.07 11.31

Anhui Kouzi Distillery Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 42.03 8.80 1.10 -3.68 19.33

SHSE:603589 vs BF.B: ROC (Joel Greenblatt) % Comparison

For the Beverages - Wineries & Distilleries subindustry, Anhui Kouzi Distillery 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.


Anhui Kouzi Distillery Co ROC (Joel Greenblatt) % vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Anhui Kouzi Distillery Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Anhui Kouzi Distillery Co's ROC (Joel Greenblatt) % falls into.


SHSE:603589
84GF Score
Anhui Kouzi Distillery Co Ltd SHSE:603589
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anhui Kouzi Distillery 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)
=(17.07 + 6455.188 + 42.973) - (1745.914 + 0 + 356.136)
=4413.181

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.6 + 6481.378 + 41.861000000001) - (1806.887 + 0 + 212.15)
=4527.802

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Anhui Kouzi Distillery 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 )
=1671.904/( ( (4200.441 + max(4413.181, 0)) + (4161.398 + max(4527.802, 0)) )/ 2 )
=1671.904/( ( 8613.622 + 8689.2 )/ 2 )
=1671.904/8651.411
=19.33 %

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 19.33% mean?
Anhui Kouzi Distillery Co (SHSE:603589) has a ROC (Joel Greenblatt) % of 19.33% 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 Anhui Kouzi Distillery Co and its competitors. This is 61% below median its historical median of 49.83. Over the past decade, Anhui Kouzi Distillery Co's ROC (Joel Greenblatt) % has ranged from 6.42 to 116.34. According to the industry distribution chart, Anhui Kouzi Distillery Co ranks #131 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 62.4%.
Is Anhui Kouzi Distillery Co's ROC (Joel Greenblatt) % too high?
Anhui Kouzi Distillery Co's current ROC (Joel Greenblatt) % of 19.33% is 61% below median its 10-year median of 49.83. Over the past 10 years, this metric has ranged from a low of 6.42 to a high of 116.34. The Beverages - Alcoholic industry median ROC (Joel Greenblatt) % is 12.31. Anhui Kouzi Distillery Co's value of 19.33% is 57% above this industry median. Based on the distribution chart, Anhui Kouzi Distillery Co ranks #131 out of 210 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Anhui Kouzi Distillery Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Anhui Kouzi Distillery Co's ROC (Joel Greenblatt) % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Anhui Kouzi Distillery Co ranks #131 out of 210 companies for ROC (Joel Greenblatt) %. This places Anhui Kouzi Distillery Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.31. Anhui Kouzi Distillery Co's value of 19.33% is 57% above this benchmark. Historically, Anhui Kouzi Distillery Co's own ROC (Joel Greenblatt) % has ranged from 6.42 to 116.34 over the past decade. While the company's 10-year median is 49.83 vs. the industry median of 12.31, Anhui Kouzi Distillery 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 Beverages - Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Alcoholic companies is 12.31, based on 210 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. Anhui Kouzi Distillery Co's current ROC (Joel Greenblatt) % of 19.33% is 57% 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 Anhui Kouzi Distillery Co and its competitors. For the Beverages - Alcoholic industry, the median ROC (Joel Greenblatt) % is 12.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anhui Kouzi Distillery Co's current ROC (Joel Greenblatt) % is 19.33%, which is 61% below median its own 10-year median of 49.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anhui Kouzi Distillery Co stock overvalued right now?
Based on GuruFocus' analysis, Anhui Kouzi Distillery Co (SHSE:603589) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥24.05, compared to a current price of ¥18.94 — trading 21.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 19.33%, which is 61% below median its 10-year median of 49.83 and 57% above the Beverages - Alcoholic industry median of 12.31. Anhui Kouzi Distillery Co's overall GF Score™ is 84/100 with 8 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 Anhui Kouzi Distillery Co (SHSE:603589), the current ROC (Joel Greenblatt) % is 19.33% 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 Anhui Kouzi Distillery Co (SHSE:603589) Overvalued in 2026?

Based on GuruFocus' analysis, Anhui Kouzi Distillery Co stock appears to be undervalued. The current stock price of ¥18.94 is trading 21.2% below its estimated GF Value™ of ¥24.05. GuruFocus considers Anhui Kouzi Distillery Co to be Modestly Undervalued.

Key valuation signals for SHSE:603589:

  • ROC (Joel Greenblatt) %: 19.33% (61% below median its 10-year median of 49.83)
  • GF Value™: ¥24.05 vs. price of ¥18.94 (21.2% below fair value)
  • GF Score™: 84/100 with 8 warning signs
  • Industry Position: 57% above the Beverages - Alcoholic median (#131 of 210)

No single metric tells the full story. See the SHSE:603589 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anhui Kouzi Distillery Co Business Description

Address No. 9 Xiangshan South Road, Anhui Province, Huaibei, CHN, 235199
Anhui Kouzi Distillery Co Ltd is a China-based wine brewing company. It is engaged in the production, manufacturing, and selling of wine and glass products. The company owns liquor series products under the brands of Kouzijiao, Laokouzi, Kouzifang, and Kouzimeijiu, among others.
84GF Score

Get the complete analysis for SHSE:603589

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

¥18.94
Price
¥24.05
GF Value