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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. Fujian Tianma Science and Technology Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 2.70%.
SHSE:603668's ROC (Joel Greenblatt) % is ranked worse than 79.14% of 1994
companies
in the Consumer Packaged Goods industry
Industry Median: 12.03
vs SHSE:603668: -0.96
Fujian Tianma Science and Technology Group Co (SHSE:603668) 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.
Fujian Tianma Science and Technology Group Co ROC (Joel Greenblatt) % Chart
Fujian Tianma Science and Technology Group Co Annual Data
SHSE:603668 vs ADM, BG, TSN: ROC (Joel Greenblatt) % Comparison
For the Farm Products subindustry, Fujian Tianma Science and Technology 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.
Fujian Tianma Science and Technology Group Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Fujian Tianma Science and Technology Group Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fujian Tianma Science and Technology Group Co's ROC (Joel Greenblatt) % falls into.
Fujian Tianma Science and Technology 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:
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 2.70% mean?
Fujian Tianma Science and Technology Group Co (SHSE:603668) has a ROC (Joel Greenblatt) % of 2.70% 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 Fujian Tianma Science and Technology Group Co and its competitors. This is 76% below median its historical median of 11.43. According to the industry distribution chart, Fujian Tianma Science and Technology Group Co ranks #1578 out of 1994 companies in the Consumer Packaged Goods industry, placing it in the top 79.1%.
Is Fujian Tianma Science and Technology Group Co's ROC (Joel Greenblatt) % too high?
Fujian Tianma Science and Technology Group Co's current ROC (Joel Greenblatt) % of 2.70% is 76% below median its 10-year median of 11.43. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 12.03. Fujian Tianma Science and Technology Group Co's value of 2.70% is 77.6% below this industry median. Based on the distribution chart, Fujian Tianma Science and Technology Group Co ranks #1578 out of 1994 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Fujian Tianma Science and Technology Group Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fujian Tianma Science and Technology Group Co's ROC (Joel Greenblatt) % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Fujian Tianma Science and Technology Group Co ranks #1578 out of 1994 companies for ROC (Joel Greenblatt) %. This places Fujian Tianma Science and Technology Group Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.03. Fujian Tianma Science and Technology Group Co's value of 2.70% is 77.6% below this benchmark. While the company's 10-year median is 11.43 vs. the industry median of 12.03, Fujian Tianma Science and Technology Group 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 a Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 12.03, based on 1,994 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. Fujian Tianma Science and Technology Group Co's current ROC (Joel Greenblatt) % of 2.70% is 77.6% 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 Fujian Tianma Science and Technology Group Co and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 12.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujian Tianma Science and Technology Group Co's current ROC (Joel Greenblatt) % is 2.70%, which is 76% below median its own 10-year median of 11.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujian Tianma Science and Technology Group Co stock overvalued right now?
Based on GuruFocus' analysis, Fujian Tianma Science and Technology Group Co (SHSE:603668) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.06, compared to a current price of ¥13.01 — trading 13.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2.70%, which is 76% below median its 10-year median of 11.43 and 77.6% below the Consumer Packaged Goods industry median of 12.03. Fujian Tianma Science and Technology Group Co's overall GF Score™ is 64/100 with 9 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 Fujian Tianma Science and Technology Group Co (SHSE:603668), the current ROC (Joel Greenblatt) % is 2.70% 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 Fujian Tianma Science and Technology Group Co (SHSE:603668) Overvalued in 2026?
Based on GuruFocus' analysis, Fujian Tianma Science and Technology Group Co stock appears to be undervalued.
The current stock price of ¥13.01 is trading 13.6% below its estimated GF Value™ of ¥15.06.
GuruFocus considers Fujian Tianma Science and Technology Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:603668:
ROC (Joel Greenblatt) %: 2.70% (76% below median its 10-year median of 11.43)
GF Value™: ¥15.06 vs. price of ¥13.01 (13.6% below fair value)
Industry Position: 77.6% below the Consumer Packaged Goods median (#1578 of 1994)
No single metric tells the full story. See the SHSE:603668 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fujian Tianma Science and Technology Group Co Ltd is engaged in development, production and sale of aquatic compound feedstuff. Its business scope covers special aquatic feed, bioengineering, international trade and other fields. The product portfolio of the company includes turbot, yellow catfish compound feed, squid compound feed, marine fish compound feed, turtle compound feed, golden carp mixed feed, blue larva compound feed, and bullfrog compound feed among others. The company has a business presence in China and other countries.
64GF 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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