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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. Harson Trading (China) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 20.63%.
The historical rank and industry rank for Harson Trading (China) Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:603958'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -40.37 Med: -2.57 Max: 11.68
Current: 5.21
During the past 13 years, Harson Trading (China) Co's highest ROC (Joel Greenblatt) % was 11.68%. The lowest was -40.37%. And the median was -2.57%.
SHSE:603958's ROC (Joel Greenblatt) % is ranked worse than 62.71% of 1070
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.99
vs SHSE:603958: 5.21
Harson Trading (China) Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Harson Trading (China) Co (SHSE:603958) 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.
Harson Trading (China) Co ROC (Joel Greenblatt) % Related Terms
Harson Trading (China) Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Harson Trading (China) 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.
Harson Trading (China) Co ROC (Joel Greenblatt) % Chart
SHSE:603958 vs NKE, DECK, ONON: ROC (Joel Greenblatt) % Comparison
For the Footwear & Accessories subindustry, Harson Trading (China) 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.
Harson Trading (China) Co ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harson Trading (China) Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Harson Trading (China) Co's ROC (Joel Greenblatt) % falls into.
Harson Trading (China) 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 20.63% mean?
Harson Trading (China) Co (SHSE:603958) has a ROC (Joel Greenblatt) % of 20.63% 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 Harson Trading (China) Co and its competitors. According to the industry distribution chart, Harson Trading (China) Co ranks #671 out of 1070 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 62.7%.
Is Harson Trading (China) Co's ROC (Joel Greenblatt) % too high?
Harson Trading (China) Co's current ROC (Joel Greenblatt) % is 20.63%. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.99. Harson Trading (China) Co's value of 20.63% is 129.5% above this industry median. Based on the distribution chart, Harson Trading (China) Co ranks #671 out of 1070 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Harson Trading (China) Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harson Trading (China) Co's ROC (Joel Greenblatt) % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Harson Trading (China) Co ranks #671 out of 1070 companies for ROC (Joel Greenblatt) %. This places Harson Trading (China) Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.99. Harson Trading (China) Co's value of 20.63% is 129.5% above this benchmark. 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.99, based on 1,070 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. Harson Trading (China) Co's current ROC (Joel Greenblatt) % of 20.63% is 129.5% 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 Harson Trading (China) Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harson Trading (China) Co's current ROC (Joel Greenblatt) % is 20.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harson Trading (China) Co stock overvalued right now?
Based on GuruFocus' analysis, Harson Trading (China) Co (SHSE:603958) is currently considered Fairly Valued. The stock's GF Value™ is ¥17.95, compared to a current price of ¥16.70 — trading 7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 20.63% and 129.5% above the Manufacturing - Apparel & Accessories industry median of 8.99. Harson Trading (China) Co's overall GF Score™ is 64/100 with 4 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 Harson Trading (China) Co (SHSE:603958), the current ROC (Joel Greenblatt) % is 20.63% 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 Harson Trading (China) Co (SHSE:603958) Overvalued in 2026?
Based on GuruFocus' analysis, Harson Trading (China) Co stock appears to be undervalued.
The current stock price of ¥16.70 is trading 7% below its estimated GF Value™ of ¥17.95.
GuruFocus considers Harson Trading (China) Co to be Fairly Valued.
Key valuation signals for SHSE:603958:
ROC (Joel Greenblatt) %: 20.63%
GF Value™: ¥17.95 vs. price of ¥16.70 (7% below fair value)
Industry Position: 129.5% above the Manufacturing - Apparel & Accessories median (#671 of 1070)
No single metric tells the full story. See the SHSE:603958 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harson Trading (China) Co Ltd is a firm engaged in the brand operation, product design, production and sales of high-end leather shoes. It produces leather shoes for men and women mainly. Its brands include Harson, Kadina, Cover, Aller-A, AS, Roberta Di Camerino, Harson business, and Pikolinos.
64GF Score
Get the complete analysis for SHSE:603958
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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