Orinko Advanced Plastics Co (SHSE:688219) ROC (Joel Greenblatt) %: 11.18% (As of Mar. 2026) — 12% 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:688219 Orinko Advanced Plastics Co Ltd SHSE:688219
81 GF Score
Price ¥10.36
GF Value ¥12.23
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Orinko Advanced Plastics Co ROC (Joel Greenblatt) %?

Orinko Advanced Plastics Co SHSE:688219 +0.97% 81 ROC (Joel Greenblatt) % is 11.18% as of Mar. 2026, which is 12% below its 10-year median of 12.69. GuruFocus rates SHSE:688219 with a GF Score™ of 81/100 and a GF Value™ of ¥12.23 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,609 Chemicals companies, Orinko Advanced Plastics Co ranks better than 50.71% 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. Orinko Advanced Plastics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.18%.

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

SHSE:688219' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.26   Med: 12.69   Max: 22.96
Current: 10.72

During the past 9 years, Orinko Advanced Plastics Co's highest ROC (Joel Greenblatt) % was 22.96%. The lowest was 6.26%. And the median was 12.69%.

SHSE:688219's ROC (Joel Greenblatt) % is ranked better than
50.71% of 1609 companies
in the Chemicals industry
Industry Median: 10.55 vs SHSE:688219: 10.72

Orinko Advanced Plastics Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.30% per year.


Orinko Advanced Plastics Co  (SHSE:688219) 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.


Orinko Advanced Plastics Co ROC (Joel Greenblatt) % Related Terms


Orinko Advanced Plastics Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Orinko Advanced Plastics 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.

Orinko Advanced Plastics Co ROC (Joel Greenblatt) % Chart

Orinko Advanced Plastics Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 6.37 6.26 12.17 13.32 11.48

Orinko Advanced Plastics 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 12.27 12.80 13.45 5.49 11.18

SHSE:688219 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison

For the Specialty Chemicals subindustry, Orinko Advanced Plastics 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.


Orinko Advanced Plastics Co ROC (Joel Greenblatt) % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Orinko Advanced Plastics Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Orinko Advanced Plastics Co's ROC (Joel Greenblatt) % falls into.


SHSE:688219
81GF Score
Orinko Advanced Plastics Co Ltd SHSE:688219
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orinko Advanced Plastics 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)
=(1694.977 + 550.028 + 147.775) - (2102.438 + 0 + 349.443)
=-59.100999999999

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1613.113 + 670.378 + 185.635) - (1939.217 + 0 + 374.029)
=155.88

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Orinko Advanced Plastics 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 )
=250.2/( ( (2160.426 + max(-59.100999999999, 0)) + (2158.793 + max(155.88, 0)) )/ 2 )
=250.2/( ( 2160.426 + 2314.673 )/ 2 )
=250.2/2237.5495
=11.18 %

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 11.18% mean?
Orinko Advanced Plastics Co (SHSE:688219) has a ROC (Joel Greenblatt) % of 11.18% 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 Orinko Advanced Plastics Co and its competitors. This is 12% below median its historical median of 12.69. Over the past decade, Orinko Advanced Plastics Co's ROC (Joel Greenblatt) % has ranged from 6.26 to 22.96. According to the industry distribution chart, Orinko Advanced Plastics Co ranks #793 out of 1609 companies in the Chemicals industry, placing it in the top 49.3%.
Is Orinko Advanced Plastics Co's ROC (Joel Greenblatt) % too high?
Orinko Advanced Plastics Co's current ROC (Joel Greenblatt) % of 11.18% is 12% below median its 10-year median of 12.69. Over the past 10 years, this metric has ranged from a low of 6.26 to a high of 22.96. The Chemicals industry median ROC (Joel Greenblatt) % is 10.55. Orinko Advanced Plastics Co's value of 11.18% is 6% above this industry median. Based on the distribution chart, Orinko Advanced Plastics Co ranks #793 out of 1609 companies in the Chemicals industry, which is above the industry midpoint. Overall, Orinko Advanced Plastics Co has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Orinko Advanced Plastics Co's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Orinko Advanced Plastics Co ranks #793 out of 1609 companies for ROC (Joel Greenblatt) %. This puts Orinko Advanced Plastics Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.55. Orinko Advanced Plastics Co's value of 11.18% is 6% above this benchmark. Historically, Orinko Advanced Plastics Co's own ROC (Joel Greenblatt) % has ranged from 6.26 to 22.96 over the past decade. While the company's 10-year median is 12.69 vs. the industry median of 10.55, Orinko Advanced Plastics 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 10.55, based on 1,609 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. Orinko Advanced Plastics Co's current ROC (Joel Greenblatt) % of 11.18% is 6% 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 Orinko Advanced Plastics Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 10.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orinko Advanced Plastics Co's current ROC (Joel Greenblatt) % is 11.18%, which is 12% below median its own 10-year median of 12.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orinko Advanced Plastics Co stock overvalued right now?
Based on GuruFocus' analysis, Orinko Advanced Plastics Co (SHSE:688219) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥12.23, compared to a current price of ¥10.36 — trading 15.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.18%, which is 12% below median its 10-year median of 12.69 and 6% above the Chemicals industry median of 10.55. Orinko Advanced Plastics Co's overall GF Score™ is 81/100 with 5 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 Orinko Advanced Plastics Co (SHSE:688219), the current ROC (Joel Greenblatt) % is 11.18% 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 Orinko Advanced Plastics Co (SHSE:688219) Overvalued in 2026?

Based on GuruFocus' analysis, Orinko Advanced Plastics Co stock appears to be undervalued. The current stock price of ¥10.36 is trading 15.3% below its estimated GF Value™ of ¥12.23. GuruFocus considers Orinko Advanced Plastics Co to be Modestly Undervalued.

Key valuation signals for SHSE:688219:

  • ROC (Joel Greenblatt) %: 11.18% (12% below median its 10-year median of 12.69)
  • GF Value™: ¥12.23 vs. price of ¥10.36 (15.3% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 6% above the Chemicals median (#793 of 1609)

No single metric tells the full story. See the SHSE:688219 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Orinko Advanced Plastics Co Business Description

Address No. 2, Luhua Road, Baiyan Science and Technology Park, High-tech Zone, Hefei, CHN, 231202
Orinko Advanced Plastics Co Ltd is engaged in the research and development, production and sales of polymer modified materials, and providing customers with high-performance and functional material solutions. The company has a variety of product platforms for polyolefins, polystyrenes, engineering plastics and other categories, with a rich product range, and more than 300 varieties of polymer high-performance and functional products. Its products are widely used in many national pillar industries and emerging industries such as home appliances, automobiles, 5G communications, electronic and electrical, medical, rail transit, home building materials, security and so on.
81GF Score

Get the complete analysis for SHSE:688219

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

¥10.36
Price
¥12.23
GF Value