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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. Shaanxi Huaqin Technology Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.48%.
SHSE:688281'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -151.63 Med: 32.7 Max: 161.23
Current: 14.21
During the past 8 years, Shaanxi Huaqin Technology Industry Co's highest ROC (Joel Greenblatt) % was 161.23%. The lowest was -151.63%. And the median was 32.70%.
SHSE:688281's ROC (Joel Greenblatt) % is ranked better than 53.06% of 360
companies
in the Aerospace & Defense industry
Industry Median: 10.785
vs SHSE:688281: 14.21
Shaanxi Huaqin Technology Industry Co (SHSE:688281) 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.
Shaanxi Huaqin Technology Industry Co ROC (Joel Greenblatt) % Chart
SHSE:688281 vs SPCX, GE, RTX: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Shaanxi Huaqin Technology Industry 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.
Shaanxi Huaqin Technology Industry Co ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Shaanxi Huaqin Technology Industry Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shaanxi Huaqin Technology Industry Co's ROC (Joel Greenblatt) % falls into.
Shaanxi Huaqin Technology Industry 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 (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 12.48% mean?
Shaanxi Huaqin Technology Industry Co (SHSE:688281) has a ROC (Joel Greenblatt) % of 12.48% 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 Shaanxi Huaqin Technology Industry Co and its competitors. This is 62% below median its historical median of 32.70. According to the industry distribution chart, Shaanxi Huaqin Technology Industry Co ranks #169 out of 360 companies in the Aerospace & Defense industry, placing it in the top 46.9%.
Is Shaanxi Huaqin Technology Industry Co's ROC (Joel Greenblatt) % too high?
Shaanxi Huaqin Technology Industry Co's current ROC (Joel Greenblatt) % of 12.48% is 62% below median its 10-year median of 32.70. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.79. Shaanxi Huaqin Technology Industry Co's value of 12.48% is 15.7% above this industry median. Based on the distribution chart, Shaanxi Huaqin Technology Industry Co ranks #169 out of 360 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Shaanxi Huaqin Technology Industry Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shaanxi Huaqin Technology Industry Co's ROC (Joel Greenblatt) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Shaanxi Huaqin Technology Industry Co ranks #169 out of 360 companies for ROC (Joel Greenblatt) %. This puts Shaanxi Huaqin Technology Industry Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.79. Shaanxi Huaqin Technology Industry Co's value of 12.48% is 15.7% above this benchmark. While the company's 10-year median is 32.70 vs. the industry median of 10.79, Shaanxi Huaqin Technology Industry 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 an Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.79, based on 360 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. Shaanxi Huaqin Technology Industry Co's current ROC (Joel Greenblatt) % of 12.48% is 15.7% 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 Shaanxi Huaqin Technology Industry Co and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shaanxi Huaqin Technology Industry Co's current ROC (Joel Greenblatt) % is 12.48%, which is 62% below median its own 10-year median of 32.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shaanxi Huaqin Technology Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Shaanxi Huaqin Technology Industry Co (SHSE:688281) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥62.99, compared to a current price of ¥48.95 — trading 22.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 12.48%, which is 62% below median its 10-year median of 32.70 and 15.7% above the Aerospace & Defense industry median of 10.79. Shaanxi Huaqin Technology Industry Co's overall GF Score™ is 89/100 with 7 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 Shaanxi Huaqin Technology Industry Co (SHSE:688281), the current ROC (Joel Greenblatt) % is 12.48% 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 Shaanxi Huaqin Technology Industry Co (SHSE:688281) Overvalued in 2026?
Based on GuruFocus' analysis, Shaanxi Huaqin Technology Industry Co stock appears to be undervalued.
The current stock price of ¥48.95 is trading 22.3% below its estimated GF Value™ of ¥62.99.
GuruFocus considers Shaanxi Huaqin Technology Industry Co to be Modestly Undervalued.
Key valuation signals for SHSE:688281:
ROC (Joel Greenblatt) %: 12.48% (62% below median its 10-year median of 32.70)
GF Value™: ¥62.99 vs. price of ¥48.95 (22.3% below fair value)
Industry Position: 15.7% above the Aerospace & Defense median (#169 of 360)
No single metric tells the full story. See the SHSE:688281 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shaanxi Huaqin Technology Industry Co Ltd specializes in the research and development, production and sales of stealth materials, camouflage materials and protective materials. The products and technologies are mainly used in the stealth of national defense weapons and equipment, the camouflage of important ground military targets and the surface protection of various equipment.
89GF Score
Get the complete analysis for SHSE:688281
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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