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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. Liaoning Chengda Biotechnology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.17%.
The historical rank and industry rank for Liaoning Chengda Biotechnology Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:688739'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.83 Med: 43.13 Max: 57.4
Current: 2.83
During the past 13 years, Liaoning Chengda Biotechnology Co's highest ROC (Joel Greenblatt) % was 57.40%. The lowest was 2.83%. And the median was 43.13%.
SHSE:688739's ROC (Joel Greenblatt) % is ranked better than 79.76% of 1324
companies
in the Biotechnology industry
Industry Median: -306.72
vs SHSE:688739: 2.83
Liaoning Chengda Biotechnology Co (SHSE:688739) 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.
Liaoning Chengda Biotechnology Co ROC (Joel Greenblatt) % Chart
SHSE:688739 vs VRTX, REGN, RVMD: ROC (Joel Greenblatt) % Comparison
For the Biotechnology subindustry, Liaoning Chengda Biotechnology 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.
Liaoning Chengda Biotechnology Co ROC (Joel Greenblatt) % vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Liaoning Chengda Biotechnology Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Liaoning Chengda Biotechnology Co's ROC (Joel Greenblatt) % falls into.
Liaoning Chengda Biotechnology 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 0.17% mean?
Liaoning Chengda Biotechnology Co (SHSE:688739) has a ROC (Joel Greenblatt) % of 0.17% 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 Liaoning Chengda Biotechnology Co and its competitors. This is 100% below median its historical median of 43.13. Over the past decade, Liaoning Chengda Biotechnology Co's ROC (Joel Greenblatt) % has ranged from 2.83 to 57.40. According to the industry distribution chart, Liaoning Chengda Biotechnology Co ranks #268 out of 1324 companies in the Biotechnology industry, placing it in the top 20.2%.
Is Liaoning Chengda Biotechnology Co's ROC (Joel Greenblatt) % too high?
Liaoning Chengda Biotechnology Co's current ROC (Joel Greenblatt) % of 0.17% is 100% below median its 10-year median of 43.13. Over the past 10 years, this metric has ranged from a low of 2.83 to a high of 57.40. Based on the distribution chart, Liaoning Chengda Biotechnology Co ranks #268 out of 1324 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Liaoning Chengda Biotechnology Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Liaoning Chengda Biotechnology Co's ROC (Joel Greenblatt) % compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Liaoning Chengda Biotechnology Co ranks #268 out of 1324 companies for ROC (Joel Greenblatt) %. This places Liaoning Chengda Biotechnology Co in the top 20% of its industry — outperforming the majority of peers. Historically, Liaoning Chengda Biotechnology Co's own ROC (Joel Greenblatt) % has ranged from 2.83 to 57.40 over the past decade. 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 Biotechnology company?
A good ROC (Joel Greenblatt) % depends on the Biotechnology industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Liaoning Chengda Biotechnology Co and its competitors. Liaoning Chengda Biotechnology Co's current ROC (Joel Greenblatt) % is 0.17%, which is 100% below median its own 10-year median of 43.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liaoning Chengda Biotechnology Co stock overvalued right now?
Based on GuruFocus' analysis, Liaoning Chengda Biotechnology Co (SHSE:688739) is currently considered Fairly Valued. The stock's GF Value™ is ¥21.94, compared to a current price of ¥20.86 — trading 4.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 0.17%, which is 100% below median its 10-year median of 43.13. Liaoning Chengda Biotechnology Co's overall GF Score™ is 70/100 with 6 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 Liaoning Chengda Biotechnology Co (SHSE:688739), the current ROC (Joel Greenblatt) % is 0.17% 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 Liaoning Chengda Biotechnology Co (SHSE:688739) Overvalued in 2026?
Based on GuruFocus' analysis, Liaoning Chengda Biotechnology Co stock appears to be undervalued.
The current stock price of ¥20.86 is trading 4.9% below its estimated GF Value™ of ¥21.94.
GuruFocus considers Liaoning Chengda Biotechnology Co to be Fairly Valued.
Key valuation signals for SHSE:688739:
ROC (Joel Greenblatt) %: 0.17% (100% below median its 10-year median of 43.13)
GF Value™: ¥21.94 vs. price of ¥20.86 (4.9% below fair value)
No single metric tells the full story. See the SHSE:688739 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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