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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. Changzhou Galaxy Century Microelectronics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 20.15%.
SHSE:688689's ROC (Joel Greenblatt) % is ranked better than 62.62% of 1030
companies
in the Semiconductors industry
Industry Median: 8.69
vs SHSE:688689: 18.83
Changzhou Galaxy Century Microelectronics Co (SHSE:688689) 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.
Changzhou Galaxy Century Microelectronics Co ROC (Joel Greenblatt) % Chart
Changzhou Galaxy Century Microelectronics Co Annual Data
SHSE:688689 vs NVDA, AVGO, MU: ROC (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, Changzhou Galaxy Century Microelectronics 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.
Changzhou Galaxy Century Microelectronics Co ROC (Joel Greenblatt) % vs Semiconductors Industry
Changzhou Galaxy Century Microelectronics 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 20.15% mean?
Changzhou Galaxy Century Microelectronics Co (SHSE:688689) has a ROC (Joel Greenblatt) % of 20.15% 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 Changzhou Galaxy Century Microelectronics Co and its competitors. This is 17% below median its historical median of 24.28. Over the past decade, Changzhou Galaxy Century Microelectronics Co's ROC (Joel Greenblatt) % has ranged from 16.98 to 52.15. According to the industry distribution chart, Changzhou Galaxy Century Microelectronics Co ranks #385 out of 1030 companies in the Semiconductors industry, placing it in the top 37.4%.
Is Changzhou Galaxy Century Microelectronics Co's ROC (Joel Greenblatt) % too high?
Changzhou Galaxy Century Microelectronics Co's current ROC (Joel Greenblatt) % of 20.15% is 17% below median its 10-year median of 24.28. Over the past 10 years, this metric has ranged from a low of 16.98 to a high of 52.15. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.69. Changzhou Galaxy Century Microelectronics Co's value of 20.15% is 131.9% above this industry median. Based on the distribution chart, Changzhou Galaxy Century Microelectronics Co ranks #385 out of 1030 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Changzhou Galaxy Century Microelectronics Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Changzhou Galaxy Century Microelectronics Co's ROC (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Changzhou Galaxy Century Microelectronics Co ranks #385 out of 1030 companies for ROC (Joel Greenblatt) %. This puts Changzhou Galaxy Century Microelectronics Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.69. Changzhou Galaxy Century Microelectronics Co's value of 20.15% is 131.9% above this benchmark. Historically, Changzhou Galaxy Century Microelectronics Co's own ROC (Joel Greenblatt) % has ranged from 16.98 to 52.15 over the past decade. While the company's 10-year median is 24.28 vs. the industry median of 8.69, Changzhou Galaxy Century Microelectronics 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.69, based on 1,030 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. Changzhou Galaxy Century Microelectronics Co's current ROC (Joel Greenblatt) % of 20.15% is 131.9% 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 Changzhou Galaxy Century Microelectronics Co and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changzhou Galaxy Century Microelectronics Co's current ROC (Joel Greenblatt) % is 20.15%, which is 17% below median its own 10-year median of 24.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changzhou Galaxy Century Microelectronics Co stock overvalued right now?
Based on GuruFocus' analysis, Changzhou Galaxy Century Microelectronics Co (SHSE:688689) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥34.71, compared to a current price of ¥40.77 — trading 17.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 20.15%, which is 17% below median its 10-year median of 24.28 and 131.9% above the Semiconductors industry median of 8.69. Changzhou Galaxy Century Microelectronics Co's overall GF Score™ is 77/100 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 Changzhou Galaxy Century Microelectronics Co (SHSE:688689), the current ROC (Joel Greenblatt) % is 20.15% 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 Changzhou Galaxy Century Microelectronics Co (SHSE:688689) Overvalued in 2026?
Based on GuruFocus' analysis, Changzhou Galaxy Century Microelectronics Co stock appears to be overvalued.
The current stock price of ¥40.77 is trading 17.5% above its estimated GF Value™ of ¥34.71.
GuruFocus considers Changzhou Galaxy Century Microelectronics Co to be Modestly Overvalued.
Key valuation signals for SHSE:688689:
ROC (Joel Greenblatt) %: 20.15% (17% below median its 10-year median of 24.28)
GF Value™: ¥34.71 vs. price of ¥40.77 (17.5% above fair value)
Industry Position: 131.9% above the Semiconductors median (#385 of 1030)
No single metric tells the full story. See the SHSE:688689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changzhou Galaxy Century Microelectronics Co Ltd is primarily involved in the research and design, chip manufacturing, packaging and testing, sales and technical services for diode, triode, bridge rectifier and other semiconductor discrete devices. The company's products have been widely used in household appliances, power and chargers, green lighting, network and communications, automotive electronics, smart meters and instruments.
77GF Score
Get the complete analysis for SHSE:688689
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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