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Wafer Works (Shanghai) CoSHSE:688584 -2.95%38 ROC (Joel Greenblatt) % is 1.72% as of Mar. 2026, which is 84% below its 10-year median of 10.65. GuruFocus rates SHSE:688584 with a GF Score™ of 38/100. The stock has 5 warning signs investors should review. Among 1,032 Semiconductors companies, Wafer Works (Shanghai) Co ranks worse than 61.53% 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. Wafer Works (Shanghai) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.72%.
The historical rank and industry rank for Wafer Works (Shanghai) Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:688584'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.23 Med: 10.65 Max: 18.32
Current: 4.23
During the past 9 years, Wafer Works (Shanghai) Co's highest ROC (Joel Greenblatt) % was 18.32%. The lowest was 4.23%. And the median was 10.65%.
SHSE:688584's ROC (Joel Greenblatt) % is ranked worse than 61.53% of 1032
companies
in the Semiconductors industry
Industry Median: 12.33
vs SHSE:688584: 4.23
Wafer Works (Shanghai) Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.00% per year.
Wafer Works (Shanghai) Co (SHSE:688584) 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.
Wafer Works (Shanghai) Co ROC (Joel Greenblatt) % Related Terms
Wafer Works (Shanghai) Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Wafer Works (Shanghai) 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.
Wafer Works (Shanghai) Co ROC (Joel Greenblatt) % Chart
SHSE:688584 vs LRCX, AMAT, KLAC: ROC (Joel Greenblatt) % Comparison
For the Semiconductor Equipment & Materials subindustry, Wafer Works (Shanghai) 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.
Wafer Works (Shanghai) Co ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Wafer Works (Shanghai) Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Wafer Works (Shanghai) Co's ROC (Joel Greenblatt) % falls into.
Wafer Works (Shanghai) 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 1.72% mean?
Wafer Works (Shanghai) Co (SHSE:688584) has a ROC (Joel Greenblatt) % of 1.72% 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 Wafer Works (Shanghai) Co and its competitors. This is 84% below median its historical median of 10.65. Over the past decade, Wafer Works (Shanghai) Co's ROC (Joel Greenblatt) % has ranged from 4.23 to 18.32. According to the industry distribution chart, Wafer Works (Shanghai) Co ranks #635 out of 1032 companies in the Semiconductors industry, placing it in the top 61.5%.
Is Wafer Works (Shanghai) Co's ROC (Joel Greenblatt) % too high?
Wafer Works (Shanghai) Co's current ROC (Joel Greenblatt) % of 1.72% is 84% below median its 10-year median of 10.65. Over the past 10 years, this metric has ranged from a low of 4.23 to a high of 18.32. The Semiconductors industry median ROC (Joel Greenblatt) % is 12.33. Wafer Works (Shanghai) Co's value of 1.72% is 86.1% below this industry median. Based on the distribution chart, Wafer Works (Shanghai) Co ranks #635 out of 1032 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Wafer Works (Shanghai) Co has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Wafer Works (Shanghai) Co's ROC (Joel Greenblatt) % compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Wafer Works (Shanghai) Co ranks #635 out of 1032 companies for ROC (Joel Greenblatt) %. This places Wafer Works (Shanghai) Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.33. Wafer Works (Shanghai) Co's value of 1.72% is 86.1% below this benchmark. Historically, Wafer Works (Shanghai) Co's own ROC (Joel Greenblatt) % has ranged from 4.23 to 18.32 over the past decade. While the company's 10-year median is 10.65 vs. the industry median of 12.33, Wafer Works (Shanghai) 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 12.33, based on 1,032 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. Wafer Works (Shanghai) Co's current ROC (Joel Greenblatt) % of 1.72% is 86.1% 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 Wafer Works (Shanghai) Co and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 12.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wafer Works (Shanghai) Co's current ROC (Joel Greenblatt) % is 1.72%, which is 84% below median its own 10-year median of 10.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wafer Works (Shanghai) Co stock overvalued right now?
Wafer Works (Shanghai) Co (SHSE:688584) has a current ROC (Joel Greenblatt) % of 1.72%. The current ROC (Joel Greenblatt) % is 1.72%, which is 84% below median its 10-year median of 10.65 and 86.1% below the Semiconductors industry median of 12.33. Wafer Works (Shanghai) Co's overall GF Score™ is 38/100 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 Wafer Works (Shanghai) Co (SHSE:688584), the current ROC (Joel Greenblatt) % is 1.72% 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.
Wafer Works (Shanghai) Co Ltd is engaged in the manufacturing of semiconductor silicon epitaxial wafers in China. Its main products are semiconductor silicon epitaxial wafers and is mainly used to prepare power devices and analog chips, and are widely used in automobiles, communications, electric power, industry, consumer electronics, high-end equipment, and other fields.
38GF Score
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