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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. Zhejiang Cheng Yi Pharmaceutical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 27.43%.
The historical rank and industry rank for Zhejiang Cheng Yi Pharmaceutical Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:603811'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.45 Med: 28.12 Max: 50.78
Current: 23.12
During the past 13 years, Zhejiang Cheng Yi Pharmaceutical Co's highest ROC (Joel Greenblatt) % was 50.78%. The lowest was 19.45%. And the median was 28.12%.
SHSE:603811's ROC (Joel Greenblatt) % is ranked better than 68.37% of 980
companies
in the Drug Manufacturers industry
Industry Median: 10.885
vs SHSE:603811: 23.12
Zhejiang Cheng Yi Pharmaceutical Co (SHSE:603811) 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.
Zhejiang Cheng Yi Pharmaceutical Co ROC (Joel Greenblatt) % Chart
SHSE:603811 vs ZTS: ROC (Joel Greenblatt) % Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Zhejiang Cheng Yi Pharmaceutical 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.
Zhejiang Cheng Yi Pharmaceutical Co ROC (Joel Greenblatt) % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Zhejiang Cheng Yi Pharmaceutical Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zhejiang Cheng Yi Pharmaceutical Co's ROC (Joel Greenblatt) % falls into.
Zhejiang Cheng Yi Pharmaceutical 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 27.43% mean?
Zhejiang Cheng Yi Pharmaceutical Co (SHSE:603811) has a ROC (Joel Greenblatt) % of 27.43% 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 Zhejiang Cheng Yi Pharmaceutical Co and its competitors. This is near median its historical median of 28.12. Over the past decade, Zhejiang Cheng Yi Pharmaceutical Co's ROC (Joel Greenblatt) % has ranged from 19.45 to 50.78. According to the industry distribution chart, Zhejiang Cheng Yi Pharmaceutical Co ranks #310 out of 980 companies in the Drug Manufacturers industry, placing it in the top 31.6%.
Is Zhejiang Cheng Yi Pharmaceutical Co's ROC (Joel Greenblatt) % too high?
Zhejiang Cheng Yi Pharmaceutical Co's current ROC (Joel Greenblatt) % of 27.43% is near median its 10-year median of 28.12. Over the past 10 years, this metric has ranged from a low of 19.45 to a high of 50.78. The Drug Manufacturers industry median ROC (Joel Greenblatt) % is 10.89. Zhejiang Cheng Yi Pharmaceutical Co's value of 27.43% is 152% above this industry median. Based on the distribution chart, Zhejiang Cheng Yi Pharmaceutical Co ranks #310 out of 980 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Zhejiang Cheng Yi Pharmaceutical Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Cheng Yi Pharmaceutical Co's ROC (Joel Greenblatt) % compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Zhejiang Cheng Yi Pharmaceutical Co ranks #310 out of 980 companies for ROC (Joel Greenblatt) %. This puts Zhejiang Cheng Yi Pharmaceutical Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.89. Zhejiang Cheng Yi Pharmaceutical Co's value of 27.43% is 152% above this benchmark. Historically, Zhejiang Cheng Yi Pharmaceutical Co's own ROC (Joel Greenblatt) % has ranged from 19.45 to 50.78 over the past decade. While the company's 10-year median is 28.12 vs. the industry median of 10.89, Zhejiang Cheng Yi Pharmaceutical 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 Drug Manufacturers company?
The median ROC (Joel Greenblatt) % among Drug Manufacturers companies is 10.89, based on 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. Zhejiang Cheng Yi Pharmaceutical Co's current ROC (Joel Greenblatt) % of 27.43% is 152% 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 Zhejiang Cheng Yi Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median ROC (Joel Greenblatt) % is 10.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Cheng Yi Pharmaceutical Co's current ROC (Joel Greenblatt) % is 27.43%, which is near median its own 10-year median of 28.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Cheng Yi Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Cheng Yi Pharmaceutical Co (SHSE:603811) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.64, compared to a current price of ¥7.32 — trading 4.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 27.43%, which is near median its 10-year median of 28.12 and 152% above the Drug Manufacturers industry median of 10.89. Zhejiang Cheng Yi Pharmaceutical Co's overall GF Score™ is 86/100 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 Zhejiang Cheng Yi Pharmaceutical Co (SHSE:603811), the current ROC (Joel Greenblatt) % is 27.43% 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 Zhejiang Cheng Yi Pharmaceutical Co (SHSE:603811) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Cheng Yi Pharmaceutical Co stock appears to be undervalued.
The current stock price of ¥7.32 is trading 4.2% below its estimated GF Value™ of ¥7.64.
GuruFocus considers Zhejiang Cheng Yi Pharmaceutical Co to be Fairly Valued.
Key valuation signals for SHSE:603811:
ROC (Joel Greenblatt) %: 27.43% (near median its 10-year median of 28.12)
GF Value™: ¥7.64 vs. price of ¥7.32 (4.2% below fair value)
Industry Position: 152% above the Drug Manufacturers median (#310 of 980)
No single metric tells the full story. See the SHSE:603811 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Cheng Yi Pharmaceutical Co Ltd is a pharmaceutical company that produces capsules, injections, tablets, APIs, and pharmaceutical intermediates in China. Its main products include glucosamine hydrochloride raw materials and preparations, torasemide injection and capsules, Gastrodin raw materials, ribavirin and purine raw materials, and so on.
86GF Score
Get the complete analysis for SHSE:603811
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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